S Gurumurthy lecture on 'Political corruption and Indian Black money abroad'
Following are the highlights of the speech by Sri S Gurumurthy delivered on 21st May, 2011 at the Keshava Krupa auditorium. The topic of the speech was 'Political corruption and Indian Black money abroad'. Prof. Vaidyanathan of IIMB was also present at the occasion. Sri Gurumurthy 's talk was divided into different topics. Status of Black money abroad: · Black money is unaccounted money that is not reported to the government, nor the tax on the income is paid to the government. · The current campaign against black money stashed abroad was started by Prof.Vaidyanathan. In 2008, he wrote a letter to Mr.Lal Krishna Advani regarding the Black Money stashed abroad and the reluctance of the Indian government in retrieving the names of Indians from the list of secret account holders, which the German government had procured from the Liechtenstein Bank by bribing a bank official. · The list included names of Germans and other people the world over. Among them wer