Tag Archives: swiss accounts

26 Indians Probed for Swiss Accounts, Black Money: Minister

Based on the information provided by the foreign government (Germany) regarding banks accounts held by Indians in Liechtenstein and Switzerland, action under the Income-tax Act, 1961 has been taken on the 12 trusts/entities, involving 26 individuals of Indian origin/nationality, said Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha ...

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Give us names of foreign bank account holders by tomorrow:┬áSupreme Court tells Govt’s Attorney General

The Supreme Court on Tuesday sternly directed the central government to provide the names of all Indian foreign account holders given by the German, French and Swiss authorities, in a sealed cover by Wednesday, sending many to scurry for cover, including many political leaders. Once given to the apex court, the fate of those with foreign bank accounts will remain ...

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