Indian Offshore Accounts

Switzerland's tax authorities today issued public notices for Indian businessman Ratul Puri, his father and two offshore firms linked to them after India sought details of their Swiss bank accounts for allegedly having illicit funds.

Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.

The Supreme Court today granted two more weeks to the centre to file its response on a plea seeking CBI probe against Indian offshore bank account holders named in the Panama papers.

The Supreme Court today asked the centre and the RBI to file their response in four weeks on a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.

Prime Minister Narendra Modi is in Switzerland on a day-long visit, where he is likely to seek support for India's membership to the elite 48-member Nuclear Suppliers Group or NSG. He is also likely to raise the issue of black money stashed by Indians in Swiss banks. Switzerland is the third stop on PM Modi's five-nation tour and is considered one ...

Investigators, probing the 'Panama Papers' leak where several hundred Indian identities figure, have found that a number of these offshore asset investments have been made in the tax haven of British Virgin Islands.

The ICIJ has published a massive trove of 'Panama Papers' information on detailed offshore holding of companies in various tax haven nations including thousands of documents related to India linking close to 2,000 individuals, entities and addresses from the country.

The Supreme Court today sought response from the Centre on a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.

Government today said in the Lok Sabha that it has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts.

BJP today said the Modi government will take "stringent action" against those who have violated the law, following the release of 'Panama Papers' featuring alleged links of over 500 Indians to firms and accounts in offshore tax havens.

The Special Investigation Team (SIT) on black money today said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama.

Among the rich and powerful "outed" by a leak of who holds offshore accounts in Panama are 500 Indians, some of whom were listed today by The Indian Express. A lengthy investigation that included journalists in different countries has found and published the names of hundreds of thousands of clients of a law firm based in the tax haven of Panama.

Prime Minister Narendra Modi has ordered an investigation into the 500 Indians who are among those named in the "Panama Papers" -a list of some of the richest and most powerful people whose offshore accounts have been divulged in what's being described as "the world's biggest leak". On the list are Xi Jinping, Nawaz Sharif, Lionel Messi and 500 Ind...

The rupee tracked weaker offshore rates as sustained foreign selling in equities continued to raise concerns about the gaping current account deficit. Traders also said importer demand for dollars was pressuring the rupee.

Auditing of U.S. corporations' financial books, a vital underpinning of investor confidence, increasingly relies on work carried out in India, where there is no clear system of oversight. U.S. audit regulators do not conduct regular physical inspections of offshore centers in India where U.S. audit work is performed, Indian accounting officials and...

Switzerland's tax authorities today issued public notices for Indian businessman Ratul Puri, his father and two offshore firms linked to them after India sought details of their Swiss bank accounts for allegedly having illicit funds.

Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.

The Supreme Court today granted two more weeks to the centre to file its response on a plea seeking CBI probe against Indian offshore bank account holders named in the Panama papers.

The Supreme Court today asked the centre and the RBI to file their response in four weeks on a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.

Prime Minister Narendra Modi is in Switzerland on a day-long visit, where he is likely to seek support for India's membership to the elite 48-member Nuclear Suppliers Group or NSG. He is also likely to raise the issue of black money stashed by Indians in Swiss banks. Switzerland is the third stop on PM Modi's five-nation tour and is considered one ...

Investigators, probing the 'Panama Papers' leak where several hundred Indian identities figure, have found that a number of these offshore asset investments have been made in the tax haven of British Virgin Islands.

The ICIJ has published a massive trove of 'Panama Papers' information on detailed offshore holding of companies in various tax haven nations including thousands of documents related to India linking close to 2,000 individuals, entities and addresses from the country.

The Supreme Court today sought response from the Centre on a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.

Government today said in the Lok Sabha that it has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts.

BJP today said the Modi government will take "stringent action" against those who have violated the law, following the release of 'Panama Papers' featuring alleged links of over 500 Indians to firms and accounts in offshore tax havens.

The Special Investigation Team (SIT) on black money today said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama.

Among the rich and powerful "outed" by a leak of who holds offshore accounts in Panama are 500 Indians, some of whom were listed today by The Indian Express. A lengthy investigation that included journalists in different countries has found and published the names of hundreds of thousands of clients of a law firm based in the tax haven of Panama.

Prime Minister Narendra Modi has ordered an investigation into the 500 Indians who are among those named in the "Panama Papers" -a list of some of the richest and most powerful people whose offshore accounts have been divulged in what's being described as "the world's biggest leak". On the list are Xi Jinping, Nawaz Sharif, Lionel Messi and 500 Ind...

The rupee tracked weaker offshore rates as sustained foreign selling in equities continued to raise concerns about the gaping current account deficit. Traders also said importer demand for dollars was pressuring the rupee.

Auditing of U.S. corporations' financial books, a vital underpinning of investor confidence, increasingly relies on work carried out in India, where there is no clear system of oversight. U.S. audit regulators do not conduct regular physical inspections of offshore centers in India where U.S. audit work is performed, Indian accounting officials and...