They may stash away black money in Swiss banks but they continue to live in India
Now contrast this with the Chinese scenario.
The Central Bank of China
- Between 1990 and 2008, some 16,000 / 18,000 corrupt Chinese government officers transferred $ 120 billion of bribe money to their secret accounts in America, Australia, Canada and Holland.
Apparently, “ hawala “ does not seem to be an original Indian invention !
- Then they migrated to those countries and set-up private companies there.
No Indian government servant will ever stoop so low. After all , he is patriotic !
He will always send his son for higher “ studies “ to that country and settle down so that the black money can be brought back legitimately !
Why earn 2 % interest abroad when you can earn 20 % by investing in India
With regards
HEMEN PAREKH
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