Not all Indian money in Swiss banks is black

November 11, 2012 12:33

Activist-turned-politician Arvind Kejriwal has alleged that Rs6,000 crore black money was parked by Indians in Swiss banks. However, his figures do not tally with that of BJP leader LK Advani who during the 2009 Lok Sabha elections, had alleged that a staggering Rs35 lakh crore were stashed away by Indians in foreign banks.

The reason why figures quoted by Kejriwal, Advani and other leaders for black money of Indian origin parked in Swiss banks vary is that the leaders' allegations are not based on reliable information.

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