Following the G20 resolution to name and shame countries which faclitate tax dodging four more countries including Philipines and Malaysia have announced that they will open their books. About a couple of years age German police offered to pass on a list of Indians holding secret accounts in Lichstenstein. When asked after the shoe throwing incident Mr. Chidambaram, then Finance and now Home minister, said that the government is working on it. It was Mr. Chidambaram who stopped the stock market regulator, SEBI, from passing a rule that would force foreign finance companies to reveal the identities of people who are investing in our share market through what is known as Participatory Notes or PNs. It would be fun if a public interest litigation is filed in the Supreme Court forcing the government to ask for and publish the identities of all Indians with secret foreign accounts. There will be such a panic as never seen before. With all foreign banks closed to them these people would be forced to repatriate all their money but will not wish to face tricky questions. One method will be to bring the money in by the hawala route and invest in the property market where only half the cost is paid by cheque and the rest by cash or black money. The black money part could be increased to 1/3 or even 3/4. The other way would be to invest in our stock market through PNs. Since Indians are thought to hold upto $ 1 trillion in foreign banks could we see Sensex above 100,000 and a hut in Jhumritalaia costing over $ 1 million? After all India is still paradise for money laundering.