MPA (400+ posts)
But this is the data from last yearMost of the foreign assets are not liquid and repatriation would take time. e.g. my cousin bought hundreds of properties abroad in the last 10 years through laundering but he needs at least a year to generate liquidity. The good thing working for all launderers now is that they were being bothered by foreign authorities for the legitimacy of their investments. Also, with the dollar gone up now, this scheme is a huge blessing in disguise for them! Repatriation at a discounted rate is a huge win for them! and of course for the country too!