“The government can bring out an ordinance naming the 70 countries which keep secret bank accounts and declare its intent to nationalize the entire offshore money kept in those accounts by Indians. Similar ill-gotten money of Mubarak's regime in Egypt and that of Gaddafi's family in Libya were seized through a UN resolution of 2005.
“According to my estimates, there is nearly Rs 120 lakh crore money lying in offshore accounts of Indians. Money that have been deposited legally can be returned, but the rest of the money can be seized by the government.”
Dr Subramanian Swamy in Aap Ki Adalat with Rajat Sharma will be telecast tonight on India TV at 10 pm. The repeat telecasts will be on Sunday (July 20) at 10 am and 10 pm.