"It has been estimated by think tank Global Financial Integrity that Rs 25 lakh crore black money from India is in Swiss banks. If this money is brought back to India and used for village development it will work wonders for rural India," he said.
"Switzerland has just passed a bill-- ''Restitution of Illicit Assets Act'', 2011-- to return the illicit money kept in banks there. But no action has been taken by the government here," Advani alleged.
Earlier in Itanagar, Advani said, scams dogging the UPA government was tarnishing India''s image abroad, but the "indecisiveness" of the ruling Congress in taking steps against corruption has resulted in "misrule and price rise".
"The CWG, 2G spectrum, Mumbai Adarsh Housing scam involving defence land are among eight major scams which have been tarnishing the hard-earned image of India globally," he said. .
