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Black money refers to funds earned on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Supreme Court, while hearing the petition on black money said that black money is not just simply tax evasion. Instead it is a plunder of the nation in real sense. Before independence Britishers plundered India by draining the wealth of India into their home country. Now it is the politics-business nexus which is plundering the nation of its precious wealth since independence.