CBI claims $500 bn stashed abroad by Indians-NewsX

Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars of illegal money stashed by them in tax havens, the CBI director A.P. Singh said. India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islandsetc. If the CBI Director's claim is true, that is indeed a lot of money for a nation that strives to fight malnutrition and corruption.