Black money: HSBC whistleblower offers to ‘cooperate’ with India

HSBC whistleblower Herve Falciani today said he is willing to "cooperate" with the Indian investigative agencies in their black money probe but would need "protection".

By: PTI | New Delhi | Updated: November 2, 2015 8:48 pm
black money, HSBC whistleblower, Herve Falciani, black money probe, latest news Falciani claimed that millions of crores worth illicit funds are flowing out of India.

Claiming that millions of crores worth illicit funds are flowing out of India, HSBC whistleblower Herve Falciani today said he is willing to “cooperate” with the Indian investigative agencies in their black money probe but would need “protection”.

Falciani is facing charges in Switzerland of leaking details of bank account holders in Geneva branch of HSBC — a list which later reached French government that later shared with India the information relating to Indian clients of the bank.

Addressing mediapersons here through Skype link, Falciani claimed that millions of crores worth illicit funds are flowing out of India.

“It is not about money. I don’t intend to become rich,” Falciani said when asked whether he is looking for money to share information with India.

“We are not here to talk about merely figures but about possible solutions,” Falciani said.

He stressed that governments should ensure that whistleblowers are protected. “We need just simple protection,” he added.

“We are not protected… If I am coming to India, I will be arrested,” he said, adding that people need to understand that there is no offer of new kind to fight black money.

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  1. B
    Nov 2, 2015 at 11:29 pm
    He will found himself to be a fool. He does not know about INDIAN CRIMINALS. He does not know In India the agencies a the ESCORT for stolen money!!!
    1. D
      Nov 3, 2015 at 1:51 am
      RAW DOES NOT KNOW ANY THING CALLED BLACK MONEY. It is so so innocent. But it supplies manpower for MNCs / corporates to suppress truth. Because it is the RAW appoints CEO's in those companies.
      1. Hemen Parekh
        Nov 23, 2015 at 6:51 am
        Thank You , Policy Makers ! Dear Policy Makers : I just came across following news report: ------------------------------------------------------------------------------------------------------ Financial Intelligence Unit to generate reports on black money suspects in 72 hours ( Source : Economic Times / 22 Nov 2015 ) NEW DELHI: Government has bolstered the capabilities of the elite Financial Intelligence Unit (FIU), which can now dish out volumes of data on suious transactions in 72-hours flat and gain access to " secret database of offenders maintained by various law enforcement agencies in the country. " Earlier, when an agency wanted to get any information on financial transactions and other similar details on enies on its scanner the time taken used to be between a fortnight to 20 days. The elite financial snoop wing under the Union Finance Ministry has switched to full electronic mode for exchange of data, from the earlier existing paper-based pattern, with all probe and enforcement agencies of the country like the Income Tax department, CBI, ED, DRI and Intelligence Bureau among others, beginning November 1. ------------------------------------------------------------------------------------------------------- Thank you for listening - and acting on my following suggestion , sent to you sometime back ( Source : > Blogs / E - Governance / 03 April 2014 ) E - Governance ? Can e-Governance help eliminate corruption ? Most certainly Look at the following , partial list of Central and State Agencies set up to fight fraud , money-laundering , corruption , tax-evasion , economic crimes etc : * Public Accounts Committee ( PAC ) * Central Vigilance Commission ( CVC ) * Central Information Commission ( CIC ) * Research and Analysis Wing ( RAW ) * Serious Fraud Investigation Office ( SFIO ) * Information Bureau ( IB ) * Economic Offence Wing ( EOW ) * Central Bureau of Investigation ( CBI ) * Department of Revenue Intelligence ( DIR ) * Comptroller and Auditor General ( CAG ) * Anti Corruption Bureaus ( States ) ( ACB ) * Enforcement Directorate ( ED ) * Lok Ayukts ( States ) * Lok Pal ( Central ) Despite such an army of Agencies , how do corrupt manage to get away ? Or , in case caught , manage to delay delivery of punishment for years ? No doubt , there must be several reasons , including , inter - agency rivalry to get credit - something difficult to eliminate altogether But , I believe , the most important reason is : Lack of a COMMON / COMPUTERIZED database of all offences / cases / persons being investigated, - which is readily " Accessible " to all of these Agencies , all over the country ( 24 * 365 ) Already , every Agency compiles huge dossiers on " Suspects " in its own " Departmental Database " , which is never shared with other Agencies , leading to , * Huge amount of duplication of efforts / information * Fractured / scattered profiles of " Suspects " * Enormous waste of time / resources What will help ? * Dismantling of individual departmental databases * Merging of all Agency-wise databases into a SINGLE / UNIQUE database * All Agencies to enter their findings / data / info into this COMMON database , with nothing preserved on local computers * All data-entry FORMS to be ONLINE . No paper forms at all * All local computers connected to ultra-secure Network ( Encrypted ) * " Access Rights " to individuals , based on Biometric Identification Will BJP want to make this , a prominent promise in their Poll-Manifesto , likely to be released on 7th April ? ( Congress / AAP missed this boat ! ) It is high time political parties stop talking of motherhood in vague terms and start telling the voters , " If you vote us to power , this is precisely what we will do , to bring about E-GOVERNANCE - and do it within 6 months of uming power " * hemen parekh ( 04 April 2014 / Mumbai ) .. > Blogs -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- hemen parekh 23 Nov 2015 B2BmessageBlaster
        1. Sanjeev Singal
          Nov 2, 2015 at 11:49 pm
          Since last several years, Indian Government Agencies have been working to eliminate all trails of black money. Falciani also is a trail of Black Money.
          1. Sanjeev Singal
            Nov 3, 2015 at 1:45 am
            Compare the number of tweets on cows and black money. We Indians have our own priorities.
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