Black Money List: Yash Birla Among Seven Indian Names Made Public For Swiss Bank Accounts

No contact details were available for comments from Masoods. Making public these names, the Swiss Federal Tax Administration (FTA) has asked them to file an appeal within 30 days before the Federal Administrative Court if they do not want their details to be shared with the Indian authorities under their ‘mutual assistance’ treaty on tax matters.

In case of Birla and Ritika Sharma, whose details have been already shared by the Swiss authorities, the notifications also mention their addresses in India, but the information given to India has been withheld from the gazette.

No further details — other than their names and dates of birth — were made public for other “Indian nationals”. Similar is the case for other foreign nationals including the British, Spanish and Russians.

In case of American and Israeli citizens, their full names have been withheld and they have been identified by their initials and dates of birth.

At least 40 such ‘final notices’ have been published in the Swiss Federal Gazette so far this month, while more such names are expected to be published going forward.

The alleged stashing of wealth by Indians in Swiss banks has been a matter of great debate in India.

The Indian government has been pushing the Swiss authorities for a long time to share information on the suspected tax evaders, while Switzerland has shared some details in cases where India has been able to provide some independent evidence of suspected tax evasion by Indian clients of Swiss banks.

While there was no reply to queries mailed to the FTA spokesperson in this regard, these names are being published in the Swiss Federal Gazette in the backdrop of the Swiss government being flooded with requests on suspected black money hoarders in Swiss banks from various countries including India.

As per these notices, the concerned persons can file an appeal before the Federal Administrative Court within 30 days, while providing the reasons and evidence in their support.
Read Also:
Top 5 Richest Formula One Drivers Of All Time
Walmart To Open 2 Wholesale Stores In Andhra Pradesh, Punjab