Why Hitler, Osama love the Swiss
As per Global Financial Integrity, Swiss banks receive nothing less than $900 billion from developing countries with $150 billion from Africa alone. Contrast this with aid received by developing countries from the developed world that is merely $100 billion annually with about $10-billion going to Africa.
Recently, after 18 years of struggle, Nigeria convinced Switzerland to return $700 million of $5 billion (minted from embezzlement of Nigeria’s oil wealth) which was hidden in the Swiss banks. Similarly, it was only recently after 18 years of legal bickering, that Philippines received $700m – and Mexico $74 million (after 12 years of arguments) – from Swiss banks. Countries like India have been for ages trying to force the Swiss government to reveal names of Indian account holders (many of them politicians) who keep their ‘black money’ in Swiss banks.
That a country can be so shameless despite global admonition is shocking. In WWII, everybody kept wondering why Hitler never invaded Switzerland despite easy access... Well, we seem to know the answer to that very well now.
As per Global Financial Integrity, Swiss banks receive nothing less than $900 billion from developing countries with $150 billion from Africa alone. Contrast this with aid received by developing countries from the developed world that is merely $100 billion annually with about $10-billion going to Africa.
Recently, after 18 years of struggle, Nigeria convinced Switzerland to return $700 million of $5 billion (minted from embezzlement of Nigeria’s oil wealth) which was hidden in the Swiss banks. Similarly, it was only recently after 18 years of legal bickering, that Philippines received $700m – and Mexico $74 million (after 12 years of arguments) – from Swiss banks. Countries like India have been for ages trying to force the Swiss government to reveal names of Indian account holders (many of them politicians) who keep their ‘black money’ in Swiss banks.
That a country can be so shameless despite global admonition is shocking. In WWII, everybody kept wondering why Hitler never invaded Switzerland despite easy access... Well, we seem to know the answer to that very well now.
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IIPM strong hold on Placement : 10000 Students Placed in last 5 year
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Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
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IIPM : The B-School with a Human Face
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