The Lost Treasure of Chennai

The building in this pic is the erstwhile Spencer's(now Spencer Plaza). Spencer's was started in 1864 and went on to become one of the biggest department stores in Asia at the time. The original building which housed Spencer & Co. was burnt down in a fire in 1983 and the present structure houses one of the largest shopping malls in India, Spencer Plaza.

The historical roots of Spencer Plaza go back to the British Govt, when in the year 1863-1864, the first Departmental store in the Indian subcontinent was established by Charles Durant and J W Spencer. The building was designed by W N Pogson. Between 1897, when Spencer & Co became a public limited company with 403 shareholders, a capital of Rs 25 lakh and Eugene Oakshott as Chairman, and 1932, when his nephew John Oakshott Robinson died, after having served as Chairman from 1913, the story of Spencer's was one of all-India growth.

In the year 1983, the original building was destroyed in a fire. The blaze destroyed the interior of the main showroom - and the Spencer`s story was to all intents and purposes over. Discussions with conservation architects might have saved the building, but it was decided not to do anything till the future of the firm was clear. Demolition of Spencer`s heritage building began in 1988 and Mangal Tirth began developing Phase-I of Spencer Plaza. The new building opened for occupation in 1991. And two more phases have since been completed.

Is India a Poor Country???

Revelation of Swiss bank accounts

This is so shocking... If black money deposits was an Olympics event... India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U.S. is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined!

Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it Indian government is not asking for the details...no marks for guessing why?

We need to start a movement to pressurize the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption!

Please read on...and forward to all the honest Indians to...like somebody is forwarding to you...and build a ground-swell of support for action!

Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country's foreign debt, one needs to rethink if India is a poor country?

DISHONES INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country's foreign debt. With this amount 45 crore poor people can get Rs 1,00,000 each. This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.

Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal sex trade and protected wildlife operators, to name just a few, sucked this country's wealth and prosperity.. This may be the picture of deposits in Swiss banks only. What about other international banks?

Black money in Swiss banks -- Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of following countries:

TOP FIVE COUNTRY BANK BALANCES

INDIA - $1,456 BILLION

RUSSIA - $470 BILLION

U.K - $390 BILLION

UKRAINE - $100 BILLION

CHINA - $96 BILLION