Oppositions slam Modi over reports of rise in Indian money in Swiss Bank
New Delhi, June 29 (IBNS): While Narendra Modi claimed to bring back all black money stashed abroad ahead of the 2014 elections, the oppositions have teared into the Prime Minister after reports revealed a rise in Indian money at the Swiss Bank.
In a tweet, the Congres party wrote:
The Modi Govt has been making repeated claims of bringing back black money since 2014 and even justified demonetisation on the same lines.
— Congress (@INCIndia) June 29, 2018
This jumla has been now postponed to 2019.#WahModijiWahhttps://t.co/lRINwi2dzi
One of PM Modi’s long-standing campaign promises of bringing back black money falls flat. While you sit and wait for your promised Rs. 15 Lakh, more capital has flown the coop. https://t.co/07uCEjqvTt
— Congress (@INCIndia) June 29, 2018
Communist Party of India (Marxist) leader Sitaram Yechury wrote:
Indian money in Swiss banks rises 50% to over ₹7,000 cr in 2017: a fraction of Indian Black Money in Switzerland. Modi govt writes off lakhs of crores of unpaid loans of crony corporates, businessmen flee India after looting public money under his watch; this data is no surprise pic.twitter.com/8A43bcw4VG
— Sitaram Yechury (@SitaramYechury) June 28, 2018
Congress leader Manish Tewari wrote:
This was @narendramodi on 24 th of July 2013. I wonder what the Hon’ble Prime Minister has to say on 29 th June 2018 when the Rupee has breached 69 to a Dollar. It may well breach the Physcolgical barrier of 70 soon https://t.co/xJhiVci7ln
— Manish Tewari (@ManishTewari) June 29, 2018
Posting a caricature over the report, the Aam Aadmi Party said the black money stashed abroad will not return in PM Modi's government.
काला धन...
— AAP (@AamAadmiParty) June 29, 2018
साहेब की सरकार से न आ पायेगा ! pic.twitter.com/WxrCldfb6e
Taking a dig at Modi, senior lawyer Prashant Bhuhan wrote: " After promising to bring back black money abroad in 90 days &putting 15L each in our pockets, after 4 years in offices & numerous foreign junkets, we find Mallya, NiMo, MehulBhai looting 1000s Cr & scooting. Our money in Swiss banks >50%. Now FinMin says we will get info by 2019!"
Earlier, West Bengal Chief Minister Mamata Banerjee slammed Prime Minister Narendra Modi over note ban and reports of 50 percent rise in Indians stashing money in Swiss banks.
She said India is 'losing' due to Modi's note ban move.
"Bravo! #DeMonetisation? Swiss Bank money flying. India losing," she said.
Narendra Modi and his government had banned old Rs. 1000 and Rs. 500 currency notes in 2016.
Congress president Rahul Gandhi too attacked Modi over reports of 50 percent rise in Indians stashing money in Swiss banks.
Gandhi also slammed Modi over the issue of black money and note ban.
Gandhi said Modi failed to bring back black money from Swiss banks.
2014, HE said: I will bring back all the "BLACK" money in Swiss Banks & put 15 Lakhs in each Indian bank A/C.
— Rahul Gandhi (@RahulGandhi) June 29, 2018
2016, HE said: Demonetisation will cure India of "BLACK" money.
2018, HE says: 50% jump in Swiss Bank deposits by Indians, is "WHITE" money. No "BLACK" in Swiss Banks! pic.twitter.com/7AIgT529ST
Even as the Narendra Modi government claimed to have made a clampdown on black money, an official annual data released by the Swiss National Bank revealed that money stashed by Indian in Swiss Bank rose to 50 percent to CHF 1.01 billion (Rs 7,000 crore) in 2017.
The Indian money deposited in Swiss banks had fallen by 45 percent in 2016 but in 2017, the total funds held by Indians with Swiss banks rose to 999 million Swiss franc (Rs 6,891 crore).
According to the data, the Indian money in Swiss banks included CHF 464 million (Rs 3,200 crore) in the form of customer deposits, CHF 152 million (Rs 1,050 crore) through other banks and CHF 383 million (Rs 2,640 crore) as ‘other liabilities’ such as securities at the end of 2017.
This comes even as the Centre constituted a Special Investigation Team (SIT) to probe cases of alleged black money of Indians stashed abroad.
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