Tuesday, April 29, 2014

Black money for (smooth) roads, (sturdy) lamposts

The most memorable (bone-chilling) promise made to the (about to be independent) nation by our esteemed first Prime Minister: 
"In an independent India," Nehru declared in one of the first speeches he made on June, 1945, "such black marketeers will be hung from the lamp posts

Arvind Kejriwal on why Nehru's party has (till very recently) been reluctant to retrieve black money hoarded in foreign banks (let alone call in the guillotine):



What will this notorious pot of gold get us? Lalu Yadav promised to use the black money for constructing roads (in Bihar) that will be as smooth as Hema Malini's cheeks (if true this would be money well spent). We should be able to afford a few (metaphorically speaking) robust lamp-posts as well.

The names of the infamous black money hoarders have been finally disclosed. The only question is why the inordinate delay in releasing information from 2009? No need to answer that question though.


Well OK, it is only the Liechenstein Bank* and only a piddly count of 26 account holders. That said, this is a very promising crack in the Great Black Wall. We are confident that if the full power of the Indian state is made to bear the Swiss will also divulge the black-data (just like they have for the USA).

The actions of the govt today make us exclaim with joy: Yeh Dil Mange More"
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The government on Tuesday has disclosed the names of all 26 account holders in Liechtenstein Bank to the Supreme Court. 


It has also made public the names of 18 account holders against who proceedings have been launched and the names of the remaining 8 account holders have been given in a sealed cover.
The names were given to India by Germany in 2009.


Out of the 18 names made public, 5 are from Dhupelia family who are trustees of Ambrunova trust, 4 from Manichi trust, 4 from Ruvisha trust, KM Mammen of Webster Foundation and two others.

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Link: http://indianexpress.com/article/business/economy/black-money-govt-submits-18-names-of-account-holders-in-liechtenstein-bank/
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regards