Indian Black money stocked in crores in foreign banks

New Delhi: In relation to the anti-corruption move by India, Names of ten corrupter’s including a Politician and corporate houses were unveiled for the first time in four years on Friday. The committee charged HSBC bank for supporting these money laundering banking transactions with Swiss Banks.
The IAC members daringly exposed that the Ambani brothers and Anu Tandon, congress MP stocked crores of rupees in Swiss banks bank on a list of account holders in HSBC banks operating in Switzerland.  The list that was released by the French government to India revealed no name and the matter is yet to be resolved over court.
Manmohan Singh’s government was also accused of guilty, for not charging on the banks involving in hawala transactions, by the members of IAC as this is a biggest threat for the economic status of the country.
When IAC members, Kejriwal and Prashant Bhushan spoke to the press, they voiced” These banks have made easy for people to open foreign bank accounts from the comforts of the home, they collect money from people’s residence and deposit its equivalent in dollars and Euros with the bank” This may also happen in the case of spreading terror within the country by maundering terrorist money, drug and ransom money, he added.
The activists also demanded to close the bank, and its employees to quit for the interest of the country with immediate arrest of those directly involved with this money laundering issues. Kejriwal also noted that Mukesh Ambani personally visited the ministry to not raid Reliance and he would compensate the deal with money. He also came out with a solution for this economic threat that Indians also enact a law enforcing foreign banks to give a list of Indian Account holder’s names.