While We Thought Govt Will Get It Back, Black Money Again Crosses Rs 7,000 Crore In Swiss Banks

“Na khaunga na khaane dunga”

Prime Minister Narendra Modi, who once promised a corruption-free India, has been accused of enabling and shielding scammers.

Adding insult to injury, money parked by Indians in Swiss banks rose more than 50 per cent to Rs 7,000 crore in 2017, reversing a three-year downward trend amid the country’s crackdown on suspected black money stashed there. And with this, another ‘viral slogan’ and a mammoth promise fell flat on its face.

According to the official annual data released by Swiss National Bank (SNB), “In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017”.

In 2016, Indian money in Swiss banks had fallen by 45 per cent, marking their biggest ever yearly plunge to about Rs 4,500 crore — the lowest ever since the European nation began making the data public in 1987.Click Here: gws giants guernsey 2019

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