People's Democracy

(Weekly Organ of the Communist Party of India (Marxist)


No. 05

January 30, 2011

Confiscate Black Money

Stashed in Swiss Bank Accounts


The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on January 21:



THE laxity of the UPA-II government in unearthing black money stashed in Swiss Bank accounts and other tax havens has been exposed by the recent observations of the Supreme Court.


Unaccounted and ill-gotten wealth, amassed through tax evasion, money laundering and other illegal means, parked in these Swiss Bank accounts should be directly confiscated by the union government from the Swiss Banks. These moneys should be brought back to India and the details of the account holders must be made public.


Any delay in undertaking these steps would be unacceptable.