Swiss Secrets-Estimates of Indian money in Swiss tax havens
BJP & CPI(M): $500-1,450 billion (Rs 25-75 lakh cr)
Source: KVM Pai (former chief IT Commissioner, Mumbai), Wikipedia, “Swiss Banking Association”.
Pai’s Sources: Swiss Bank Corporation (2006), intelligence sources, global reports.
OECD: $11-12 trillion (Rs 548-598 lakh cr)
Overall estimated funds in 77 tax havens. No country break-up.
Tax Justice Network: $22.7 billion (Rs 1 lakh cr) Illicit capital flows during 2002-06 from India.
Black money expert Arun Kumar: $50-100 billion (Rs 2.5-5 lakh cr)
Illegal money that could be flowing out of India every year. No authentic figures available.
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