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Representation dated 1st July, 2005, to Mr. Kofi A. Annan, the then Secretary General, UNO and others is still relevant with regards to the G20 Summit

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  • Milap Choraria
    ... From: Milap Choraria Subject: Representation dated 1st July, 2005, to Mr. Kofi A. Annan, the then Secretary General, UNO and
    Message 1 of 1 , Mar 17, 2009
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      --- On Tue, 3/17/09, Milap Choraria <milap_choraria@...> wrote:
      From: Milap Choraria <milap_choraria@...>
      Subject: Representation dated 1st July, 2005, to Mr. Kofi A. Annan, the then Secretary General, UNO and others is still relevant with regards to the G20 Summit
      To: "Her Excellency President of India Smt. Pratibha Devisingh Patil" <presidentofindia@...>, "K.C Jayarajan" <kc.jayarajan@...>, "Hon'ble Prime Miister of India Dr. Man Mohan Singh" <pmosb@...>, manmohan@..., "Hon’ble Chief Justice of India Mr K G Balakrishanan" <supremecourt@...>, speakerloksabha@..., "Shri P. Chidambaram, Home Minister of India" <websitemhaweb@...>, chidambaram@..., cabinetsy@..., kcsekhar@..., hansrajb@..., advanilk@..., rajnath@..., jaswant@..., gandhim@..., "Smt. Sonia Gandhi" <10janpath@...>, soniagandhi@..., "Montek Singh Ahluwalia Dy Chairman Planning Commission" <dch@...>, fm@..., "Ahmed Patel" <patelm@...>, ambika@..., jairam@..., arjuns@..., brinda.k@..., "Kamal Nath" <nath@...>, ksibal@..., ak.antony@..., "Help Ministry of Law & Justice" <cpio-la@...>, "Union Minister for Health & Family Welfare" <hfm@...>, oscar@..., ajaitley@..., "Mani Shankar Aiyar" <msaiyar@...>, aicc@..., bjpco@..., info@..., jmishra@..., thedmk@..., shivsenabhavan@..., shivalaya@..., response@..., rjdal@..., mail@..., marxistindia@..., cc@..., info@..., biswasd.aifb@..., biswasd@..., intuchq@..., mail@..., jaishriram@..., webmaster@..., pawars@..., pasangma@..., drvrajeshwaran@..., yogi@...
      Cc: rti-times@...
      Date: Tuesday, March 17, 2009, 2:51 PM

      "Unfortunately, there have been too many unkept promises over the past years to turn the declarations of intent into concrete actions. Newest comments from the weekend, such as from Switzerland , Austria , give reason to doubt the actual willingness for an unlimited implementation of the OECD standards." The ministry said this is "particularly true if the willingness to share information is being linked to well founded suspicion of tax evasion and if bank secrecy is fundamentally kept in place." It said the OECD requires countries to share tax information regardless of whether there are good reasons for suspecting tax evasion.


      “The support of the G-20 for efforts to improve transparency and exchange of information has underscored their relevance for both developed and developing countries.” Pressure has been intensifying on countries that allow secret bank accounts as the world economic crisis forces more nations to look for extra tax revenue without raising taxes. Switzerland has also been coming under pressure from the USA Internal Revenue Service, which recently signed a $780 million deferred-prosecution agreement with UBS. The Swiss bank is still holding out on releasing the identities of approximately 47,000 U.S. customers, claiming that would violate Swiss banking secrecy laws.


      According to OECD the estimated deposits in Tax Haven Centers are more than $11 Trillions, including more than $7 Trillions, in Swiis Banking System. According to my estimation based on a sercet unpublished Report of Swiss Banking Association, out of aforesaid more than $7 Trillions, deposited in Swiss Banking System, about $2 Trillions, deposits might be from India. But, Government of India is maintaining complete silence on this issue of the Indian Black Money deposited in Swiss Banking System, is also appearing from the G20 Summit Finance Minister’s Meeting.

      The German Finance Ministry Monday at London (16th March, 2009) said that there is reason to doubt about the willingness of Switzerland and Austria to implement tax standards set by the Organization for Economic Cooperation and Development (OECD). Germany has been one of the sharpest critics of bank secrecy and the role it plays in tax evasion, causing diplomatic friction with neighboring Liechtenstein and also Switzerland . Germany is believed to lose out on billions of tax money due to tax evasion. The finance ministry also said countries that expressed their willingness on sharing tax information must ensure action follows promises.

      "The willingness of numerous nations to accept the OECD standard of transparency and exchange of information is fundamentally a positive development in this area," a finance ministry statement said.


      Copy of my Email message:-

      Dated 1st July 2005

      His Excellency Mr. Kofi A. Annan,

      Secretary General,

      United Nations Organisations,

      through Director,

      Mr. Sarbuland Khan,

      Department for Economic and Social Affairs,

      New York (USA)


      His Excellency Sir,


      This is Most Humble Appeal on behalf of myself and my organisation (Movement for Accountability to Public) as well as other supporting organizations and individuals from around the world, to the world's highest body responsible for Global Governance, to take appropriate cognizance in respect of Illegal Policy of certain countries, prevailing in severe violations of the Universal Declaration of Human Rights, which directly fueling enormous corruption, international terrorism, crime, and significantly damaging the growth and developments in developing nations, under the garb of their own laws and constitution.  We must actively try to block the arteries that supply illegal money to terrorists and antisocial elements so that the world can be a safer and happier place.



      First of all a question may arise in the mind of His Excellency that why State Members of UNO not raised the issue referred herein. In this context my Humble submission is that most of the Governments running in developing and democratic Countries like India, are working under heavy pressures from various quarters including corrupt but powerful and influential politicians, bureaucrats and unscrupulous businessmen, who can damage to the legs of the Governments of the day. This is also not clear, whether Principle NGO’s working with the sole object and purpose to enhance transparency in the governance, at all having been propagated or not against Banking Privacy Law of Switzerland? Since, the matter is severe in nature, and also grave concerns to Human Rights (proclaimed by UNO) of the masses from the several countries including India, as such we decided to raise this important issue with hope that His Excellency will certainly take immediate cognizance on it. We have tried our level best to convince Switzerland Government to remove such severe embargo, caused by its Banking Privacy Laws. This is ample clear that Swiss Government under its Constitutional obligations cannot remove such embargo, though aware that this embargo is causing severe damages to the Human Rights of the masses of different countries. In this respect my correspondence with Swiss Authority is referred at: http://milapchoraria.tripod.com/swiss



      Any Government, up to some extent in consideration of security aspects, can justify banking privacy policy adopted for its own (origin) citizen. But Banking Privacy policy aimed just to secure illegal money of the clients from other countries cannot be justified at all, because such citizen are legally liable to disclose deposits in foreign Banks before authority of their own country. A severe case example of the kind of countries referred above is Switzerland. Their privacy laws (Article 47 of the Federal Law on Banks and Savings Banks) prevent Banks from disclosing the identity of their clients even if there are clear indicators that certain accounts have illegal or stolen money in them. The sums involved according to some estimates just from India alone are between US$400 billion to US$1000 billion!


      Such Banking Privacy Law of Switzerland is International Criminal Activity and grand theft that hurting a billion people? 


      In the last 10 years or so, Swiss authorities have, in theory, passed new legislation and rules aimed at curbing the international laundering of funds although in practice, even the Swiss people admit that this is nothing but lip service to silence international uproar on this issue.  A line from a major Swiss Bank's website:


      "In theory, bank secrecy can be lifted for matters such as inheritance, divorce and debt and bankruptcy by order of a legal authority of Switzerland only.  In practice, Swiss bank secrecy is very difficult to lift, for the plaintiff must first prove before the Swiss court, that the account exists in Switzerland, e.g. by producing a bank statement."


      The Swiss people and their government do not seem to take a lesson even from the Holocaust in which Hitler and the Nazis accumulated looted wealth in Swiss banks during World War II. As Swiss Government itself admitting that in recent days illegal Money of heads of some States were also found in Swiss Banks.



      Several Heads of States, Ministers, high-ranking government bureaucrats, unscrupulous businesses, terrorists, drug traffickers, smugglers and other unscrupulous people are depositing large sums of illegal money in Swiss Banks taking advantage of the "privacy" shield provided by the State of Switzerland.  Most adversely affected are the developing nations including those from Africa and Asia, where disappearance of large amounts of money badly needed for development cause the poorest people to suffer even more, and for protection of their various Human Rights.



      UN and world bodies, over the years, have passed numerous resolutions and international laws affirming people's fundamental rights in an effort to curb injustice by any State or Heads of Governments [see Appendix “A” for some such references].  Plundering of public funds to the point where billions of people's suffering increases and people die of starvation is unjustified by any human standards.


      The problem needs to be addressed now. 



      Accounts in Swiss banks can be scrutinized only when Switzerland's constitution that provides for privacy can be amended. In February 2005 Survey Polls were conducted throughout the Switzerland by the Swiss Banking Association, which shown that 78% of the people of Switzerland are against the lifting of banking privacy even whatever International pressure exerts, because banking and deposits are responsible for the majority of the country's Economical Strength, albeit a large fraction of this money is illicit.


      Swiss Government itself admitting that:

      “In terms of added value, employment and tax revenues, the financial sector is one of the pillars of the Swiss economy. While only 5,3% of the Swiss workforce is employed in the financial services, this sector contributes to 14% of Swiss GDP1. In the last 10 years, this share almost doubled, due primarily to the growth in the banking and the para-banking2 sectors. At the beginning of 2003, there were 356 banks operating, of which 209 were Swiss. Beside the global players UBS and Credit Suisse which account for approximately 60% of the Employment: approx. 200'000 people, i.e. 5,3% of the Swiss workforce, 3,3% in banks, 1,7% for insurance companies and 0,3% for other financial services intermediaries. Contribution to GDP: 11% for banks, 2,7% for insurance companies and 0,3% for other financial services companies.”


      This is the real specialty of Swiss-based banks which according to certain estimates, manage more than one fourth of all internationally-invested private wealth”,  “Switzerland's banking system currently comprises 378 institutions with a combined balance sheet total of more than 2,300 billion Swiss francs. Our two biggest banks – UBS and Credit Suisse - are ranked among the ten largest in the world, and in the area of asset management, Swiss banks are the world's leaders”, “A traditional strength of the Swiss Financial Centre is asset management which created over half of the banks’ total added value. In this business domain Switzerland occupies a leading global position. Here it is competing with other important financial centres.” and “Swiss financial center: Foreign customers accounted for a share of approximately 57%. Of all assets held, 42.1% came from private clients and 47.5% from institutional investors. Commercial clients accounted for the remaining 10.4%. As a means of comparison, Swiss foreign assets (active) in 2001 amounted to CHF 2,200 billion with corresponding net assets of CHF 602 billion.”. The rest 43% is defined, but reportedly major part of it are from unclaimed Assets lying with Swiss banks or Government.


      On February 18th, 2004 H.E. Mr. Eric Martin, Ambassador, Head of the Economic and Financial Affairs Division Swiss Federal Department of Foreign Affairs addressed at JCIF - Japan Center for International Finance Tokyo, Japan, in which he concluded his address:


      "Against this backdrop, I would like to conclude by stating that the efforts aimed at promoting a broader exchange of information can not be separated from the fact that any easing of the observance of confidentiality in Switzerland would certainly be welcomed by various rival financial centers that may be happy to manage certain assets currently deposited in our country. In this context, where significant financial interests are involved and arguments of an ethical nature are raised, it should be pointed out that a number of OECD countries have offshore financial centers within their zones of influence, which have been gaining rapidly in importance over the past few years. Other countries benefit from legislation that in practice grants an even higher degree of confidentiality or discretion than Swiss legislation does."


      This exhibits the growing nature of this menace not just in Switzerland but also outside.


      Generally, in the eyes of law, a person willfully hiding a murderer or criminal is also criminally liable. This extension needs to be applied to sovereign nations as well. Switzerland knows fully well that huge amounts of illegal wealth are amongst the bank accounts it holds; yet, there is no effort to find and separate such accounts. Under the taxation laws of each country, without any immunity, each citizen is liable to disclose his liabilities and assets, including information relating to Bank Accounts. Therefore, without knowledge to authority of respective country, money deposited by the foreign Citizen in Swiss Banks is absolutely illegal money, thus should not be protected from the Swiss Banking Privacy Law.



      Taking advantage of the severe constraints caused by Switzerland Constitution, which provides that without referendum such Law cannot be changed, people of the Switzerland are determined not to allow changes in such laws. Therefore, this problem of International magnitude will not be solved till some sort of stiff actions are taken by the United Nations Organisations, which should be directed towards its Member States that “they cannot maintain any financial or other relationship with Switzerland or any other country, having Banking Privacy for Foreign Citizen. Such directions should be imposed for a period, till these countries do not change their Banking Privacy Laws, to ensure disclosures of the following details before the authorities of respective countries:

      a)      Total amount of "unclaimed" money in Switzerland from each country;

      b)      Total amount of money deposited in Switzerland with names of individuals / organizations, address and country.


      In consideration of the matter of international importance and very much concerned to Human Rights of the masses from the World, I am awaiting your prompt response,






      Convenor : Movement for Accountability to Public (MAP):


      http://groups.yahoo.com/group/MAP_INDIA            http://milapchoraria.tripod.com/msp

      Columnist : For Several DAILY Newspapers in India




      B-5/52, Sector-7, Rohini,  New Delhi-110 085 (INDIA)

      Email: Milap_choraria@...


      APPENDIX “A”

      1. Vienna Declaration and Program of Action, adopted by the World Conference on Human Rights in Vienna on 25 June 1993,

      2. Resolution 217 A (III) of 10 December 1948 United Nations adopted and proclaimed the Universal Declaration of Human Rights,

      3. Resolution 2200A (XXI) of 16 December 1966 entry into force 23 March 1976, in accordance with Article 9 International Covenant on Civil and Political Rights,

      4. Resolution 2542 (XXIV) of 11 December 1969 on Social Progress and Development,

      5. Resolution 39/11 of 12 November 1984 Declaration on the Right of Peoples to Peace and security,

      6. Resolution 41/128 of 4 December 1986 Declaration on the Right to Development,

      7. Resolution 2200A (XXI) of 16 December 1966 International Covenant on Economic, Social and Cultural Rights entry into force 3 January 1976, in accordance with article 27,

      8. Resolution 55/2 of 8 September 2000 United Nations Millennium Declaration, all Proclaimed by General Assembly of United Nations Organisations.


      Copies to

      1.             Their Excellencies The Heads of the States of different Countries;

      2.            His Excellency President of India Shri APJ Kalam,

      3.             Hon’ble Prime Minister of India Shri Man Mohan Singh Ji,

      4.             Hon’ble Minister for Foreign Affairs Shri Natwar Singh Ji,

      5.             His Excellency President of the Swiss Confederation Mr. Samuel Schmid,

      6.             His Excellency Vice-President of Swiss Confederation Mr. Moritz Leuenberger

      7.             Hon’ble Mr. Joseph Deiss Head of the Swiss Federal Department of Economic Affairs

      8.             Secretariat-General FDF Swiss Federal Department of Finance

      9.              Ms. Micheline Calmy-Rey, Head Swiss Federal Department of Foreign Affairs

      10.          Swiss Political Affairs Division V - Economic and Financial Affairs

      11.          Swiss UN – Coordination

      12.          Swiss Federal Banking Commission

      13.          Smt. Sonia Gandhi, President of Congress Party and Chairperson of UPA; through self Email ID and also through Smt. Ambika Soni and Shri Anand Sharma, 

      14.          Shri Lal Krishna Advani, Leader of Opposition in Loksabha;

      15.          Shri Jaswant Singh Ji, Leader of Opposition in the Rajya Sabha.

      16.          Shri Prakash Karat, General Secretary, Communist Party of India (Marxist) 

      17.          Home Secretary, Government of India; 

      18.          Chief Vigilance Commissioner, and other Two Commissioners, Central  Vigilance Commission.  

      19.          Director, Central Bureau of Investigation.

      20.          His Excellency President of European Union Mr. José Manuel Barroso

      21.          The Spokesperson of The President of European Union Mr. José Manuel Barroso

      22.          Secretariat-General European Union

      23.          Commissioner for Economic and Monetary Affairs, European  Union Joaquín Almunia

      24.          Commissioner for Employment, Social Affairs and Equal Opportunities, European Union Mr. Vladimír Špidla

      25.          His Excellency Mr. Paul Wolfowitz, President of the World Bank,

      26.          Board of Directors IMF, through IMF Centre,

      Milap Choraria 
      Editor: Suchna Ka Adhikar / RTI TIMES
      National Convenor :
      Movement for Accountability to Public (MAP)
      http://milapchoraria.tripod.com/msp http://rtitimes.net

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