Adil Mohammed's Blog since 2009

Let us make the space we share better and bring the change we desire. Author is Indian Muslim, a Public Figure, Social Activist, Blogger and Media Personality. On mission to build a givers world rather than takers.

Harve Falciani willing to share Black Money Information with India – Question is – Is Govt of India willing to Bring back Back Money.

Herve Falciani, the former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes, gives a press conference in Divonne-les Bains on October 28, 2015. AFP PHOTO / JEAN-PHILIPPE KSIAZEK

Herve Falciani, the former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes, gives a press conference in Divonne-les Bains on October 28, 2015. AFP PHOTO / JEAN-PHILIPPE KSIAZEK

Willing to cooperate and share more information with the Indian government on black money, the international whistleblower Herve Falciani  urged India to provide protection amid the alleged “economic-war controlled by Europe and Switzerland”.

“I have much more information to share and assist the Indian investigation agencies in a far-reaching way and thus await the reinitiating of talks with the government which stopped after December last year.

It would help the government to recover larger sums of money and also prevent black money from going abroad. But I also urge India to protect the whistleblower, since we are in the battle field of this economic war. We need that protection to participate in the fight that India deserves,” saidFalciani while calling for strong laws to protect the whistleblowers.

The Franco-Italian whistleblower and former system engineer with HSBC, known for the “Lagarde list”, was addressing media persons here through video conference organised by Prashant Bhushan and Yogendra Yadav’s organisation Swaraj Abhiyan.

Allegedly “bullied” by the Swiss federal government for violating the country’s bank secrecy laws, he was the key person behind the “Lagarde List”, a list of the Swiss HSBC Bank’s Geneva branch clients who allegedly used the bank to evade taxes and launder money that Falciani leaked to the former French finance minister and current managing director of the IMF, Christine Lagarde, who, in turn, forwarded the list to the governments whose citizens were involved.

He had also collaborated with several countries’ government, including France and Argentina, providing them with crucial information relating to more than 1,30,000 suspected tax evaders with Swiss bank accounts.

Falciani, as revealed in his 21 August 2015 letter to Justice M B Shah, chairman of India’s Special Investigation Team (SIT) on black money, stated that in December 2014, the Central Vigilance Commissioner (CVC) and the then blackmoney-SIT advisor K V Chowdary had met him in Paris and thus was able to obtain additional information from France, with which Falciani is working closely.

The channel of communication broke since then and the Indian government, which reportedly claimed that Falciani has nothing more to reveal, concluded the talks.

Stating that he has much more to give and his services as other whistleblowers is “free-ofcost”, Falciani called for strong whistleblower protection laws in India, stating “I could be arrested if I visit India”.

Such protection would help opening bridges with the whistleblowers and the insiders, he added. Projecting the present scenario of black money hoarding as “economic war”,  Falciani said, “one who controls information today is controlling the economy.”

“There are millions of crores of dollars flowing out of India, Brazil, Argentina, Russia and others every year. It’s a war controlled by Europe and Switzerland, based on the information they have. It’s quite clear that the reason that Europe and Switzerland are not providing protection to the whistleblowers, because they know that this would stop the millions of money they are getting in from you,” Falciani alleged.

Referring to the “loopholes” in the current laws, he said that could explain why the existing crusade of countries against black money is on back-foot.

“They are cheating because you are not adjusting in this economy war fast enough,” he said. Criticising Prime Minister Narendra Modi’s government for further “curtailing” the Whistleblowers Protection Act 2011, the Swaraj Abhiyan leader and noted lawyer, Prashant Bhushan, charged that the Modi government was not serious over fighting the menace of black money despite its tall claims.

“The Argentina government had sued those banks that had helped its citizens to hoard black money.

But India is doing nothing. It’s not even willing to work or provide protection to the whistleblowers willing to give crucial information on black money,”  Bhushan said.

Swaraj Abhiyan leaders Yogender Yadav and Prashant Bhushan address the media with Harve Falciani. The surprising part is the media was present to full house from all the leading electronic media every ones surprise the electronic media did skipped Black Money revelation so important where evidences were given how the government of India has managed to fool the nation with it and is clearly protecting the names and companies that are involved in black money loot.  The print media  did excellent coverage both nation and international.

I hope the conscious of our electronic media bounces back and they show it all in full and fight for the battle that can bring back billions and billions of dollars from tashed in banks abroad.

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This entry was posted on November 3, 2015 by in Uncategorized and tagged , , , , , .



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