Despite condemning black money, non-resident Indians have only helped to increase it. According to Aman Agarwal, professor of finance at the Indian Institute of Finance, New Delhi, the total amount of black money globally is estimated between $2.1 and 2.5 trillion. This is roughly about seven percent of the world's GDP.11:31 AM on May 13
Our 'enforcement' laws and the govt. depts.handling hawala, smuggling, FERA violations, are TOTALLY absurd as they are out of tune with the finer details of tricks of the criminals.But basically,corrupt politicians most of whom are crminals,see to it that they only make laws that won't be implementable.
MMK Rao Saturday, May 17, 2008Politicians form one MAJOR segment of the criminals bleaching black money thus.Thus all our enforcement laws,agencies are totally defeated in stopping this growing crime.
Paul Krist Friday, May 16, 2008Surely our methods and organization to detect and bring to book these criminals is totally inadequate and outdated conceptually.There is no sense in taking 'experienced' advisers' advice to run this type of antinational crime detection.Experts from abroad must be engaged to revamp the whole thing.Builders are THE BIGGEST criminals engaged in stashing their unaccounted mountains of money.
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