Black money: India to sign agreements with 42 more nations

Black money: India to sign agreements with 42 more nations

Once these agreements are signed, India will be in a position to bring back black money stashed in different banks abroad, he told reporters here.

On BJP leader L K Advani’s claim that Rs 25 lakh crore were stashed abroad as black money, he said the exact amount is not yet known.

"The BJP is an expert on the matter. It is because of this expertise that its leaders can make an assessment of the black money," Rawat said.

He pointed out India has already signed agreements with 48 nations to bring back black money.

These countries include Switzerland and Germany, the minister said.

India will sign similar agreements with 42 more nations, including Spain, he said.
On BJP leader L K Advani's criticism of the UPA dispensation on the black money issue, Rawat asked the former Deputy Prime Minister what steps the then NDA government took to bring back the money.

"The NDA was in power for nearly six years," he said.