Read full- http://t.co/sHM6gUUSfK Ajit Doval, currently national security advisor and one of the most important persons in Modi administration, had openly shared his ideas, a few years ago, on how to get black money back that is stashed abroad. Here are the measures suggested by Doval at that time to bring back the 'black money': a) Taking cognizance of reports of the IMF and GFI the Government of India should enact a law emphasizing that huge Indian capital has been illegally stashed away and needs to be ploughed back. It should be a penal law so that all the defaulters could be treated as criminals. On the strength of this law the government should declare itself as the sole owner and beneficiary of all Indian monies, assets and bank accounts held abroad by or the dependants of Indian nationals without due declarations to the Indian authorities. The law may provide that where the Indian national are able to prove that the assets held by them have been acquired through proper means and the non-declaration was merely a technical default, the government should restore the assets back to the claimant. It, however, should shift the onus of proof on the person who holds undeclared wealth abroad. On the strength of the said law, the Government of India can ask the world governments and the foreign banks, like the Swiss Banks, to recognize Indian government as the beneficiary of the undeclared wealth and freeze the accounts till owners of the wealth are able to prove that they had acquired it by fair means and from legally valid sources. b) On the basis of various expert reports and other credible information available, there are reasonable grounds to infer that a substantial portion of Indian illegal money stashed in foreign banks owes its origin to criminal activities like corruption, misappropriation of government funds, fraud, cheating, activities of organized criminal gangs, drug mafias, terrorist financing, ransoms etc. All these are cognizable offences punishable under criminal laws of India including the Indian Penal Code, Prevention of Corruption Act, The Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, Foreign Exchange Management Act, The Narcotic Drugs and Psychotropic Substances Act, Money Laundering Act, The Smugglers and Foreign Exchange Manipulators Forfeiture of Property Act etc. Government of India shouldsuo motoregister an omnibus criminal case against suspected unidentified persons who have been indulging in criminal activities and unauthorisedly transferring the money to tax havens abroad. The case may be transferred to a special team of the CBI and investigated under supervision of the Supreme Court. They must register the FIR under various sections of the IPC, money laundering and anti-terror laws etc. Registration of the criminal case will enable the investigating agencies to summon people for questioning, interrogate suspected persons, seize incriminating documents, conduct raids, make arrests, examine documents etc. This would also enable the Government to get assistance of foreign police and investigating agencies for gathering requisite evidence and information. Most importantly, this will empower the government to approach different banks abroad, as also the concerned governments, for information regarding the money trail as they pertain to criminal cases. c) Lots of monies of Indians in secret bank accounts have been appropriated by the banks, as the account holders cannot by legal and open documentation bequeath them to their progenies and most of them die without informing their progeny about the account. This may run into billions from the 1950s. Such monies should be declared by a special law as and vested in government of India with a provision that the progenies of the account holder may claim the same by providing requisite evidence to show that the monies in such accounts were sourced in legal business. d) Indian political system needs to recognise that India is already a leading economy and an emerging geo-political power. In the shifting economic centres of gravity in the new world order, countries, particularly the tiny tots like Switzerland, will have enormous stakes in our country. The present and potential power of India should be leveraged, like US and Germany did to reclaim the black monies of its nationals stashed abroad. Switzerland has billions of dollars of investments in India that they would not like to jeopardise by ignoring our laws or undermining our bonafide national interests. If our geo-political power was properly exercised, the Swiss government could never have behaved the way it did in Hasan Ali case.