BJP leader L.K. Advani shows the interim report of a task force on black money in Swiss banks and other tax havens, at a press meet in Mumbai.
MUMBAI: Bharatiya Janata Party’s prime ministerial candidate L.K. Advani on Friday demanded vigorous action to bring back Indian wealth hoarded in secret Swiss bank accounts and other tax havens in the world.
At a press conference here, Mr Advani pointed out that United States President Barack Obama planned anti-tax haven laws, and promised similar laws if the National Democratic Alliance came to power.
The new government would take part in the global mission to recover illegal wealth and it was a doable undertaking, he said.
Mr. Advani released the interim recommendations of a task force set up by him on the steps to be taken to bring back such money.
The task force comprises S. Gurumurthy, chartered accountant and investigative writer, Ajit Doval, security expert, R. Vaidyanathan, Professor of Finance, Indian Institute of Management, Bangalore, and Mahesh Jethmalani, lawyer and BJP candidate for the Mumbai North Central Lok Sabha constituency.
It was the party’s concern for the economy and security that prompted the move. The issue of black money was linked to security, especially after the National Security Adviser referred to the stock market boom due to terror funds. There were at least 70 tax havens all over the world.
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