Its allways been the dream of every corrupt Government babu, the business man, Film stars, Sport stars ( created and actuals), media barons, liqour barons et all.
The needed to have a safe (pun intended) heaven where they could store the ill gotten money such that no legal entity could touch it. Just think how much Sir Osama would be laughing away in a secret named account?
We got introduced to this LOTUS and MONTBLANC accounts – thanks to Bofors mishandling of the deal. Stupid guys flunked the secret parlyes and left a trail that even a street dog mascuarding as a police dog could pick up and the general Janta like us got to know about the swiss rules.
It has allways been my dream to find such a heaven without travelling to switzerland, france or even some islands. Help came from the most unexpected quarter – my small savings agent who was chatting with me blurted out the secret.
The Government Post Office is the local swizz brand. Just take a time deposit just like a fixed deposit of any bank and you are offered returns except you need to hide the physical certificates elsewhere.
I was floored – the agent went on to say – sir there is not Tax deduction at source, No questions about photographs for opening account, No limits of money that can be slashed, No PAN number what more do you need?
I blurted remembering the KISAN VIKAS patra muddle created by Ms Gandhi who said anybody can deposit but show source of income while withdrawing which saw the end of the scheme.
The Agent laughed. Sir, are the politicians fools, when they have slashed excess amount in post offices, why would they harm themselves by such laws?
That statement opened my eyes and am looking out for the nearest post office…