Is Government encouraging hawala? The present CBI Director once said that more than $ 500 billion of Indian black money was stashed abroad. A major chunk of this money is believed to be lying in Swiss banks in Switzerland. Would this money ever come back to India? Developments of the last few years have given a ray of hope that if Indian Government acted tough like its US counterpart did a few years back, India also might get access to the list of those having their undeclared accounts abroad. However, Indian government seems to be more interested in helping the guilty rather than punishing them. In July 2011, Indian Government received a list of roughly 700 people having bank accounts in HSBC, Geneva. The list contains bank balances of these people in 2006. We could not access all the names but the following names do appear in that list: Mukesh Dhirubhai Ambai â€“ Rs 100 crores Anil Dhirubhai Ambani â€“ Rs 100 crores Motech Software Private Ltd (Reliance Group company) â€“ Rs 2,100 crores Reliance Industries Ltd â€“ Rs 500 crores Sandeep Tandon â€“ Rs 125 crores Anu Tandon â€“ Rs 125 crores Kokila Dhirubhai Ambani â€“ She has an account but there was no balance on that date Naresh Kumar Goyal â€“ Rs 80 crores Burmans (3 family members) â€“ Rs 25 crores Yashovardhan Birla â€“ no balance Is Government encouraging hawala?