Info soon of a/c holders in Swiss banks

PTI Updated - January 02, 2019 at 09:24 PM.

A crane loads boxes at the Swiss National Bank (SNB) headquarters in Bern, Switzerland December 13, 2018. REUTERS Denis Balibouse

India will start receiving from Switzerland this year information relating to financial accounts held by Indians in Swiss banks, government said on Wednesday. Minister of State for External Affairs VK Singh, replying to a question in the Lok Sabha, said such information may include details about persons allegedly involved in corruption. Switzerland has been long perceived as one of the safest havens for illicit wealth allegedly stashed abroad by some Indians. Singh said the India-Switzerland tax treaty facilitates receipt of information on request basis for cases under investigation.

Published on January 2, 2019 14:03