Allegations of Black Money
Swiss Banks are alleged to stash black money i.e. as that part of a nation's income or that a person or organization acquires illegally and concealed, by reporters and journals, and reportedly there are more Indian deposits in the Swiss banks than any other nationality. Editor-in-chief for WikiLeaks, Julian Assange, noted that, as per documents of bank accounts by a former banker and whistleblower Rudolf Elmer, the "names in the documents came from "US, Britain, Germany, Austria and Asia' – from all over".
Read more about this topic: Banking In Switzerland
Famous quotes containing the words black and/or money:
“I thought when I was a young man that I would conquer the world with truth. I thought I would lead an army greater than Alexander ever dreamed of. Not to conquer nations, but to liberate mankind. With truth. With the golden sound of the Word. But only a few of them heard. Only a few of you understood. The rest of you put on black and sat in chapel.”
—Philip Dunne (1908–1992)
“Wealth, howsoever got, in England makes
Lords of mechanics, gentlemen of rakes;
Antiquity and birth are needless here;
‘Tis impudence and money makes a peer.”
—Daniel Defoe (1660–1731)