Take up issue of Indian money in Swiss banks: Chouhan to PM

April 1st, 2009 - 12:51 am ICT by IANS  

Manmohan Singh Bhopal, March 31 (IANS) Madhya Pradesh Chief Minister Shivraj Singh Chouhan Tuesday asked Prime Minister Manmohan Singh to raise strongly at the G20 summit the issue of Indian black money deposited in Swiss banks.
In a letter, Chouhan urged the prime minister to raise the issue of tax evaders’ money in foreign banks, which is estimated to be 50 to 120 times more than India’s GDP.

Bharatiya Janatya Party leader L.K. Advani had instructed the chief ministers of the BJP-ruled states to write to Manmohan Singh asking him to raise the issue.

“The money deposited in the Swiss banks should be utilised for the reconstruction of the country as it belongs to the working class, labourers and farmers and not for tax holidays,” Chouhan said.

“According to an estimate, about Rs.25,000,00 crore to Rs.85,00,000 crore of Indians is saved in Swiss banks and in this regard I wrote a letter to the prime minister,” Chouhan said.

He said he wanted to know the names of the tax evaders from Madhya Pradesh who have deposited money in tax havens abroad.

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