How much black money from India must be there in the secret Swiss accounts?
A global study was conducted by an expert, Raymond W Baker, which we have quoted in the report. He published a book in 2005, Capitalism’s Achilles Heel: Dirty Money And How To Renew The Free Market System. After 2001, secret money became an issue of security. So America became worried about terror funding which takes place only through secret banking channels. His book estimated the black money to be $11.5 trillion which is increasing at the rate of $1 trillion every year, out of which $500 billion is stolen from developing countries. Is the report one of the reasons why the BJP decided to raise the issue? That alone would not have helped. The change in the economic situation made the Western countries try to break banking secrecy. That was the most important point. US President Obama [Images] has proposed a law to break the secrecy. Like I said earlier, you have to join forces at the global level as the battle needs to be fought at the global level. That is the reason why the BJP deci
