Black Money to be Brought Back in one Year: Swamy

News

Bhubaneswar, Nov 10: While the BJP government at Centre is facing criticism for slow progress in bringing back the black money, its senior leader Subramanian Swamy assured that the black money stashed in foreign banks would return to the country in one year.

Talking to the reporters in a press meet on Sunday, Swamy, who was in Odisha capital said, "We are optimistic that the black money stashed in foreign banks would return to the country in about one year time, much before the expectation of the people".

He rejected the allegations that Centre was delaying in taking action. He said that Millions of bank accounts have been opened by Indians in 70 countries. About Rs 120 lakh crore were stashed in foreign banks.

He lashed out at the UPA government for not doing anything on black money matter. On the National Herald case, in which Congress president Sonia Gandhi and her son Rahul Gandhi were named for making irregularities, he said that a SIT would be set up as per the direction of the Supreme Court to probe the case.

The Gandhis had allegedly grabbed properties worth Rs 5,000 crore by forming a private limited company in the name of Young Indian Ltd by Sonia Gandhi, Rahul Gandhi, Motilal Vora and others.  

He claimed that both Sonia Gandhi and Rahul Gandhi, major shareholders of the Young Indian Ltd (YIL) got the benefits by acquisition of Associated Journals Ltd (AJL).

More Articles