No black money in Swiss banks: Rahul’s jibe at PM

TIL Desk/National/New Delhi/ Congress president Rahul Gandhi on Friday took a swipe at Narendra Modi over the rise in Indian money in Swiss banks, alleging that the prime minister says a 50-per cent jump in deposits by Indians is ‘white money’ and that there is no ‘black money’. ‘2014, HE said: I will bring back all the ‘BLACK’ money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. ‘2016, HE said: Demonetisation will cure India of ‘BLACK’ money.

‘2018, HE says: 50% jump in Swiss Bank deposits by Indians, is ‘WHITE’ money. No ‘BLACK’ in Swiss Banks! (sic),’ Gandhi said on Twitter, tagging a media report on the matter. Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there.

The Congress also targeted the prime minister over his government’s claims of putting a clampdown on back money and said Swiss bank deposits during the United Progressive Alliance had fallen and the same has risen by 50 per cent under the Modi government.

‘Swiss Bank deposits fell during Dr Manmohan Singh’s time, only to rise to record levels under PM Modi. The current increase of 50.2 pc post demonetisation, is the maximum since 2004,’ the party said on its Twitter handle. “What happened to Prime Minister Modi’s promise of eradicating corruption and bringing back black money?” asked Congress spokesperson R P N Singh.