According to a message circulating in cyber space, a Swiss bank official has said Indians are holding “280 lakh crore rupees” (about $606,000 million) in secret accounts in that country. It is safe to assume the figure was cooked up locally. After all, a Swiss bank official is unlikely to use very Indian terms like “lakh” (100,000) and “crore” (10 million).
Also in circulation is a purported extract from a Swiss Banking Association report of 2006 which says Indians hold the most black money in banks there. The five countries mentioned in it as the biggest sources of black money are: India $1,456 billion, Russia $470 billion, UK $390 billion and Ukraine $100 billion.
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