‘Black Money’.
To be at a safer side the recipients of the black
money moves their black income by using the
following two sources:
• By Hawala system.
• Depositing in Swiss Bank
Hawala-
-also known as hundi
-origins in classical Islamic law
-an informal value transfer system
- based on the performance and honor of a
huge network of money brokers.
- no promissory instrument
Fact: After retaining black money even if all the taxes are
abolished, then also the Central government will be able to
maintain the country very comfortably.
Swiss Bank.
-1854 - Swiss Bank Corporation(SBC).
• 3rd largest in Switzerland with over 300 billion CHF(Converted
Swiss
Francs) of assets and 11.7 billion CHF of equity.
• 1998 - SBC merged with UBS, the largest bank in Europe and
the 2nd
largest bank in the world.
• The company's logo - three keys - “Confidence, Security and
Discretion“.
Swiss Bank.
.