Lok Satta

Tuesday, 05 April 2016 13:17

Panama Papers Only Tip of the Iceberg: Dr JP

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Leak of offshore account details from Mossack Fonsesca are only tip of the iceberg, tweeted Loksatta founder Dr Jayaprakash Narayan today. But they remove lid of secrecy, he said. “It will now be harder for secrecy havens to operate. Whistleblowers did a great service to global community. Nations must now act. Indians have $b700+ in offshore havens. What is revealed is peanuts. We are losing $b70+ a year. We must stop this haemorrhage. If $b700 offshore money & half of idle money in our 20000 ton gold is invested wisely, we will have great infrastructure & millions of jobs” said Dr JP.