• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

BRICS Is Corrupt, Leaders Deposit Billions in Swiss Bank

Simon Osuji by Simon Osuji
August 25, 2025
in Business
0
BRICS Is Corrupt, Leaders Deposit Billions in Swiss Bank
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Jitendra K Tuli, the President of Economic & Technical Consultants, wrote an opinion piece in The Times of India saying that BRICS countries and their leaders are not as holy as they portray to be. He highlighted that BRICS members have so much wealth being consolidated by just a few powerful leaders and businessmen. Tuli stressed that leaders and businessmen from BRICS countries are corrupt and have deposited billions in Swiss Bank for decades.

Despite being wealthy countries, the gap between the rich and poor is tenfold that of the US and other Western countries. “Leaders and influential people from all of the BRICS countries, including China, have deposited billions of dollars in Swiss and other offshore banks.” He also explained that the alliance does much less business among themselves than they do with other leading Western countries.

Also Read: Minister Drops Major New Hint on BRICS Currency

“They do much less business among themselves than they do with the Western countries,” he said. Apart from depositing money in Swiss Bank, BRICS members are also power hungry with a large ego. “A number of these countries, like Russia, China, Iran, and India, spend billions on arms. Russia, China, and Iran do it to satisfy their power hunger to consolidate their own power and subjugate other countries.”

BRICS Nations & Swiss Bank

Swiss National BankSwiss National Bank
Source: Reuters

Going off the topic of BRICS and Swiss Bank, the economist also said that India spends billions on arms to protect itself from China, which is a BRICS member. “India spends huge amounts to protect herself against China, one of the BRICS founding members, and its ally Pakistan. Their business dealings among the BRICS Members have almost remained stationary.”

Also Read: BRICS SWIFT Alternative Plan Revealed: Global De-Dollarization Push

Tuli said that Brazil’s President Lula da Silva made statements at the 17th summit about maintaining peace and human rights. “He completely ignored that almost all BRICS members openly support terror and wars. Three members, Russia, China, and Iran, have been involved with mass murders,” he stressed.

Source link

Related posts

NCBA Backs Kenya Masters Swimmers for South Africa Nationals in George

NCBA Backs Kenya Masters Swimmers for South Africa Nationals in George

February 1, 2026
Ivanhoe Atlantic CEO resigns as U.S.-backed iron ore project hits roadblocks in Liberia and Guinea

Ivanhoe Atlantic CEO resigns as U.S.-backed iron ore project hits roadblocks in Liberia and Guinea

February 1, 2026
Previous Post

House of Reps Probes NERC over N59 Billion Metering Fund Allocation

Next Post

The Right Sewer Cleaning Equipment Can Save Lives

Next Post
The Right Sewer Cleaning Equipment Can Save Lives

The Right Sewer Cleaning Equipment Can Save Lives

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

How will the art market cope with stagflation?

How will the art market cope with stagflation?

3 years ago
Niger breaks decades-long French grip, moves to trade uranium directly on global market

Niger breaks decades-long French grip, moves to trade uranium directly on global market

2 months ago
Aave DeFi lending monopoly reaches 51%, creating a systemic feedback loop with only a $460M backstop

Aave DeFi lending monopoly reaches 51%, creating a systemic feedback loop with only a $460M backstop

5 days ago
The future of football is designed in the Kingdom of Saudi Arabia as the industry’s leaders meet at World Football Summit

The future of football is designed in the Kingdom of Saudi Arabia as the industry’s leaders meet at World Football Summit

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.