Sarita K. Singh

The black money scam, sometimes also referred to as the "black greenback scam" or "wash wash rip-off", is a rip-off where con artists try to fraudulently obtain cash from a victim by persuading him or her that piles of banknote-sized paper in a trunk or a protected are literally currency notes that have been dyed to keep away from detection by authorities. There have been some shrewd precautionary strikes by India's central bank, concedes Mr Basu, however he says one important reply is all that soiled money. A duplicate of the report that is with NDTV, says the methodologies being followed to curb black cash are inconsistent and the outcomes are contrasting.
It was The Indian Express investigation that had first revealed how a cluster of 14 HSBC Geneva bank accounts with a cumulative balance of $601 million held by offshore entities in tax havens were all linked, via a fancy chain of associates and offshore holdings, to the Reliance Group.