Hyderabad, August 29: Swadeshi Jagaran March of A.P. convened a meeting at Sundaryya Vigyan Kendram under the caption “Indian Black Money Abroad” yesterday. Speaking on this occasion, Mr. G. Guru Murthy, All India Associate Co-ordinator of Swadeshi Jagaran March told that till 1967 the black money in the foreign banks was only 10% but it rose to 49% in 1978. The reason for the Indians to deposit black money in foreign banks is the higher taxation rate in India. Quoting a report, he said that 20 lakh crore rupees of black money have been deposited in foreign banks by the Indians. This money has been earned through corruption.
The other speakers were Mr. Mahendra Reddy, Sri B. Seenath, Mr. M. Sharan Kumar etc. they said that Govt. is avoiding to take action against Mr. Hasan Ali etc. He also said that Rajiv Gandhi has deposited money in foreign banks.
——–Siasat News