"Mr Singh has proved a hopeless decision maker as Prime Minister."
- Financial Times, London, April 15 2009
"The Government has assaulted and weakened every constitutional office: the Election Commission, Governors and Parliament."
- Outlook, March 2 2009
Swiss Bank authorities claim that the Congress led Indian government submitted "forged" documents in the $8 billion Hassan Ali case.
In the following speech, Mr. MR Venkatesh and IIM Bangalore Professor Vaidyanathan explains how Congress led UPA government and its so-called World Renowned Mythical Economist and Dhimmi Regent PM Mr. Manmohan Singh allowed the market to be manipulated and Trillions of USD of Indian citizens money swindled and siphoned out of India.
M.R. Venkatesh speech on Illegal Funds of Indians Abroad - Participatory Notes, conducted by SJM, Swadeshi Jagaran Manch Tamilnadu - Visit: http://mrv.net.in
Professor Vaidyanathan, IIM Bangalore - speech on Illegal funds of Indians abroad - Tax Havens, conducted by SJM, Swadeshi Jagaran Manch Tamilnadu. Visit http://mrv.net.in
Swiss bank: The Big Lie! by Hard News Media
Last week in the Supreme Court, the central government's solicitor, responding to a Public Interest Litigation (PIL) that demanded government's action on retrieving Indian black money stashed in Swiss banks, had given the names of three Indians and how the agencies were following up on their case.Shocker: Headlines Today steals Hardnews Scoop
In a 29-page affidavit, the government had detailed the action it had taken against Pune-based stud farm owner, Hassan Ali Khan, his wife Rheema and Kolkata-based businessman, Kashi Nath Tapuria, who allegedly were holding $8 billion in an UBS account in Switzerland.
The Enforcement Directorate (ED), on its part, has issued a show cause notice to Khan for contravention of Foreign Exchange Management Act, 1999 after it found out during a raid in January 2007 that Khan had deposited around 8 billion dollars at the UBS Bank. The Income Tax department has raised a total demand of Rs 71,848.59 crore against Khan, his wife Rheema and other associates. Investigations so far have revealed overseas bank accounts of Kashi Nath Tapuria and his wife. The ED has seized their passports.
In a communication from Folco Galli, Information chief of Eidgenössisches Justiz-und Polizeidepartement (EJPD) Bundesamt für Justiz (Swiss Department of Justice and Police) BJ, Berne, Hardnews was informed that the Indian authorities submitted "forged" documents to seek assistance on the Hassan Ali Khan case. Galli's reply to Hardnews on this case is precise and direct and does not need any interpretation. Galli talks about $ 6 billion and not $ 8 billion as it is made out to be. Here is his categorical reply:
"In January 2007, Indian authorities have submitted in the case of Hassan Ali Khan a request for legal assistance to the Federal Office of Justice (FoJ)... In the same month, the FoJ informed the Indian authorities as follows: Concerning the presumed transfer of 6 billion USD, domestic inquiry has revealed that the banking information provided with the request for legal assistance are forged documents. Accordingly, the supposed transfer to UBS accounts has no reality.
Concerning the request Swiss authorities need some specification in order to be able to examine and possibly to accept and execute it:
- a confirmation that the Indian investigation is a criminal one (no tax or related investigation)
- a better description of the predicate offences which are object of the Indian money laundering investigation
- to show the relation between the predicate offences and the accounts in Switzerland... In March 2007, the Indian Embassy submitted some complements to the FoJ.
In April 2007, the FoJ informed the Embassy that the complements don't include the necessary specification. Without these information, Swiss authorities can't examine whether the conditions to grant legal assistance are fulfilled or not. Indian authorities haven't submitted the necessary specification so far."
To reiterate, Galli says the following: first, the documents that were given by Indian authorities were forged and, therefore, the transfer of Indian funds to UBS accounts "has no reality". Swiss authorities want to provide further assistance in that case if the Indian authorities could satisfy the Swiss government's demand to establish dual criminality - what is crime in India is a crime in Switzerland. The Swiss also wanted to know whether Khan's offence was an object of Indian money laundering. Since April 2007, Indian government has not responded to Swiss authorities on this issue.
Interestingly, Supreme Court, too, had asked why the Indian government had not slapped money laundering charges against Khan and Tapuria.
Headlines Today, the TV channel of the India Today group, ran a Hardnews exclusive projecting it as their own story -- thus defying all journalistic ethicsCongress Government knew of forged papers sent to Switzerland
India fumbles on black-money trail, Swiss cry foul
“No response to Swiss request”
Indian documents in black money case forged: Swiss government
On trail of black money
The responses from Folco Galli, spokesperson of the Federal Office of Justice, Switzerland, follow:India not keen on black money: Switzerland government
In January 2007, the Indian government sought legal assistance from the Swiss Federal Office of Justice (FoJ). The same month, FoJ informed India the documents submitted were forged. The case concerned a presumed transfer of 6 billion USD.
The Swiss government asked for specifications to execute India's request. These were: a confirmation that the Indian investigation was a criminal one and not tax related, a better description of the predicate offences which were part of the Indian money-laundering probe and documents to show the relation between predicate offences and the accounts in Switzerland.
Switzerland says that following the queries, India sent some additional information in March 2007.
In April 2007, FoJ informed the Indian embassy that the complements did not include the necessary specifications sought.
Switzerland says India has not submitted the necessary complements yet.
Galli says India submits only a few requests per year for black money investigations
UPA government not serious about recovering black money: BJP
Swiss Government Accuses India of Submitting Forged Documents in Black Money Case
Caution: Following video contains news report from a known Anti-Hindu biased news channel, viewer discretion is advised.