Follow the money

The latest set of revelations from India Against Corruption (IAC) and Arvind Kejriwal turns the spotlight squarely on the important issue of unaccounted money hoarded in banks abroad. Back in July 2011, the French government handed over a compact disc with details of 700 secret bank accounts held by Indians at HSBC Bank in Geneva. Yet for almost a year, the government staved off pressure from the Opposition and civil society to act on the dossier until May this year when the then Finance Minister, Pranab Mukherjee, released a White Paper on black money.

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