Illegal Money In Foreign Banks,"An Open Letter To Prime Minister"-By B.Raman in Outlook India.What is your say?

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" The fight against money-laundering in India is complicated by the following factors:



* The politician-criminal nexus.

* The lack of effective control over contributions to political parties and election expenses.



This enables criminal elements to use their contributions to the political process as a safe-channel for money-laundering and for gaining political influence to incapacitate the intelligence and investigating agencies so that they cannot effectively act against themIllegal Money In Foreign Banks,"An Open Letter To Prime Minister"-By B.Raman in Outlook India.What is your say?
I am not an expert in economics and money matters. But whatever concept I have, I can certainly say that Mr. Raman's letter is perfectly right.

Its more of our responsibility to stop the drainage than the country who is receiving it. However its also true that when a country is asking support the foreign bank should be bound to answer. They may not disclose their secret to a common person or organisation but they should disclose some specific information to the country where their clients belong. Information like Name, Address, Amount deposited along with transaction dates should be made available to Indian Government.Illegal Money In Foreign Banks,"An Open Letter To Prime Minister"-By B.Raman in Outlook India.What is your say?
I lived in India during my childhood and I can attest that these accusations are false!

I can't believe bitter Americans are making up these asinine tales just to promote themselves