Thursday, December 15, 2011

Bring back Rs 25 lakh crore black money from abroad


The issue of black money dominated in Lok Sabha on Wednesday with the Opposition asking the government to bring back an estimated Rs 25 lakh crore stashed away illegally in foreign banks and reveal identity of depositors. Moving an adjournment motion on the issue, the first in the current Lok Sabha, BJP veteran L K Advani also wanted a White Paper on the magnitude of the black money menace and steps taken by the government to tackle it.

The Chairman of the BJP Parliamentary Party said his party agreed with the estimate of an international think-tank -- Global Financial Integrity -- that Rs 25 lakh crore have been illegally stashed away abroad by Indians.

The adjournment motion was on the situation arising out of money deposited illegally in foreign banks and action being taken against the guilty persons.

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