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India rattles sabre over offshores

India is the latest country to start rattling the sabre over offshore finance centres, as its general election continues.

Lalchand Kishen Advani, the prime ministerial candidate for the opposition BJP party, says if his coalition comes to power, he will start trying to track down and recover money invested abroad by Indians.

The party estimates up to $1.4 trillion is kept abroad, more than the country’s national income.

Mr Advani says much of that cash is in accounts in Antigua, Switzerland, the Bahamas, Lichtenstein and the Isle of Man.

The results of the election will be announced on May 16.

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