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

Through these gazette notices, the Swiss FTA is also looking to give the concerned persons an opportunity to resort to legal remedies. These are the persons about whom foreign governments are requesting information. As per a report in the ‘Sonntagszeitung’ weekly, the Swiss authorities have been “inundated with requests for assistance” and the nations that wanted to know details about their suspected tax-dodging citizens included “France, Germany, Russia, India and half a dozen other countries”.

“Now, the Authority will publish the names of those affected in the Federal Gazette, which is available to everyone on the internet,” it said, while adding that those being named may include “well-known personalities”.

As per the report, banks do not have much interest in contacting such customers as many no more hold the accounts.

It further said that questions have been raised about requests made by India and Germany being based on stolen data.

The report, however, quoted FTA’s Alexandre Dumas as saying, “We are never sure if they are stolen data. However, there is the principle of faith”.

Committing full support to India’s fight against the black money menace, Switzerland last week had said its Parliament would soon consider changes in laws to look into the possibility of sharing information in cases being probed on the basis of stolen data of Swiss bank accounts.

Switzerland’s Economic Affairs Minister Johann Schneider Ammann during his India visit on May 15 said that the Swiss government was sensitive to the fact that the issue of black money was very important for India and needed to be resolved.
Read Also:
Top 5 Richest Formula One Drivers Of All Time
Walmart To Open 2 Wholesale Stores In Andhra Pradesh, Punjab