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Indians have stashed over $500bn in banks abroad, says CBI
February 13, 2012

In other news, a PTI report says that Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on today. India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc. 

 

News that should make a certain yogi do an exuberant headstand

 

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