The Present FM introduced Banking Cash Transaction tax which taxed any cash withdrawl in excess of a certain amount. This he claimed will reveal the source of black money as he believed contrary to our popular notions that such ill gotten money is laundered through normal banking channels. How much of such money he has stumbled upon is anybody's guess.

Then there was a big fuss about one horse trainer in Pune called Ali whose case was claimed to be th single biggest evasion in the annals of Income tax in india. This gentleman was claimed to have access to many influential men in power. The story died a natural death.

Then this Telgi who during a psycho analysis test named Sharad Pawar as a beneficiary of his acts. Pawar and the media were dismissive of the allegations as they claimed the psycho analysis is inhuman and claimed to be so by Human rights organisations such as Amnesty.

Former SEBI Chairman Damodaran and RBI Governor Reddy believed that investments through Participatory notes are ill gotten wealth in guise of legitimate investments and wanted to introduce a mechanism to curb such acts. FM was dead against it saying that will dry up our so called FDI. Most of the Investments is from tax havens. Mauritius is the single largest investor. Mauritius is a safe place for parking ill gotten wealth. We have double tax avoidance treaty with this country also. So Money laundering is a serious business. Many of our bigwigs are involved including top notch politicians. Probably it will take a revolution like which happened in Nepal to unmask our politicians