On the steps to be taken by the Indian government
To bring the funds illegally stashed away in secret tax havens, particularly Switzerland
Members of the Task Force
1. S. Gurumurthy – Chartered Accountant and investigative writer, Chennai
2. Ajit Doval - Security expert, New Delhi
3. Dr. R. Vaidyanathan – Professor of Finance, Indian Institute of Management, Bangalore
4. Mahesh Jethmalani - Senior Lawyer, Mumbai
Shri L.K. Advani, prime ministerial candidate of the BJP and National Democratic Alliance, addressed a press conference in New Delhi on 29 March 2009 and criticized the UPA Government’s indifference towards getting back vast amounts of Indian wealth stashed away in secret Swiss bank accounts and other tax havens around the world. The press conference was held against the backdrop of the G-20 Summit in London on 2 April, where the issue of illicit funds in tax havens was scheduled to be discussed. Sadly, Prime Minister Dr. Manmohan Singh, who represented India at the G-20 Summit, failed to raise this issue effectively, even though the OECD (Organisation of Economic Cooperation and Development), a group of rich nations, were vociferous in demanding an end to banking secrecy in countries like Switzerland.
At his press conference, Shri Advani announced the determination of a future BJP-led government at the Centre, if elected, to bring India’s sovereign wealth back from foreign shores. He also announced the formation of a Task Force to recommend to the BJP leadership specific steps that a future government may take to translate this promise into reality.
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