Posted by: qmaxim | November 14, 2009

Millionaires in India – more news

In my blog on the number of US dollar millionaires in India, my estimation was  there are at least 250,00 counting the persons with black (unaccounted) wealth. That is 60% of the millionaire population in India.

Some evidence has cropped up sooner than I thought.

Former chief  minister of Jarkaland state has apparently stashed away close to USD 1 billion to Swiss accounts. Read the link below – his partners deposited 640 crores cash in  the bank account during 2 year period  when he was chief minister.
This is from the guy from a backward state, imagine what the guys in more prosperous states & cities may be earning!

http://timesofindia.indiatimes.com/india/Koda-man-put-Rs-640cr-all-in-cash-in-Mumbai-bank/articleshow/5221200.cms

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