Switzerland Names Indians

PM Modi today arrived in Qatar after inaugurating the Afghan-India friendship dam in Herat, India's biggest infrastructure project in the country. In Doha, the Prime Minister addressed an Indian workers' camp where he praised them on their way of life and said their hard work has earned India a good name globally. In Qatar till tomorrow, PM is sche...

Switzerland today named Lalit Modi and his wife Minal among those about whom information and assistance have been sought from its tax department by the Indian authorities.

At least four Indians figured in the list of unclaimed bank accounts made public by Switzerland today, which contains over 2,600 accounts and 80 safe deposit boxes.

Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.

After making seven Indian names public in its official online gazette - the most recent ones being last week - Switzerland has published more names of account holders whose countries are seeking information in cases where tax evasion or money laundering is suspected.

Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians - Sayed Mohammed Masood and Chand Kauser Mohammed Masood.

As India tries to uncover who has stashed untaxed money abroad, Switzerland is, in an unusual deviation from its super-secretive banking rules, releasing the names of people who are being investigated for alleged tax evasion in their countries of origin.

Industrialist Yash Birla is among seven Indians whose names have been disclosed by Switzerland where officials are revealing bank account holders who are being investigated in their countries for alleged tax evasion.

Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients although Indian corporate leaders do not appear much impressed.

Among the Indians who are being investigated for allegedly funneling untaxed or black money to illicit bank accounts in Switzerland are four from the Congress, said sources; the quartet allegedly includes a former junior minister in Dr Manmohan Singh's government which lost the national election in May.

India has made a fresh request to Switzerland seeking bank details and names of Indians having unaccounted money in Swiss banks, as the government expands its efforts to combat the menace of black money.

His comments followed media reports that Switzerland is ready to share with India a list of names of Indian account holders who they suspect of not paying taxes. The minister said he is writing to the Swiss authorities for more information.

Swiss resident Guido Ralph Haschke, the alleged middleman in an Indian deal for VVIP helicopters won by AgustaWestland, has been arrested on charges of bribery. The Rs 3,600-crore chopper contract is under investigation by Italian and Indian agencies for alleged kickbacks paid to Indian officials - including former Air Chief SP Tyagi.

PM Modi today arrived in Qatar after inaugurating the Afghan-India friendship dam in Herat, India's biggest infrastructure project in the country. In Doha, the Prime Minister addressed an Indian workers' camp where he praised them on their way of life and said their hard work has earned India a good name globally. In Qatar till tomorrow, PM is sche...

Switzerland today named Lalit Modi and his wife Minal among those about whom information and assistance have been sought from its tax department by the Indian authorities.

At least four Indians figured in the list of unclaimed bank accounts made public by Switzerland today, which contains over 2,600 accounts and 80 safe deposit boxes.

Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.

After making seven Indian names public in its official online gazette - the most recent ones being last week - Switzerland has published more names of account holders whose countries are seeking information in cases where tax evasion or money laundering is suspected.

Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians - Sayed Mohammed Masood and Chand Kauser Mohammed Masood.

As India tries to uncover who has stashed untaxed money abroad, Switzerland is, in an unusual deviation from its super-secretive banking rules, releasing the names of people who are being investigated for alleged tax evasion in their countries of origin.

Industrialist Yash Birla is among seven Indians whose names have been disclosed by Switzerland where officials are revealing bank account holders who are being investigated in their countries for alleged tax evasion.

Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients although Indian corporate leaders do not appear much impressed.

Among the Indians who are being investigated for allegedly funneling untaxed or black money to illicit bank accounts in Switzerland are four from the Congress, said sources; the quartet allegedly includes a former junior minister in Dr Manmohan Singh's government which lost the national election in May.

India has made a fresh request to Switzerland seeking bank details and names of Indians having unaccounted money in Swiss banks, as the government expands its efforts to combat the menace of black money.

His comments followed media reports that Switzerland is ready to share with India a list of names of Indian account holders who they suspect of not paying taxes. The minister said he is writing to the Swiss authorities for more information.

Swiss resident Guido Ralph Haschke, the alleged middleman in an Indian deal for VVIP helicopters won by AgustaWestland, has been arrested on charges of bribery. The Rs 3,600-crore chopper contract is under investigation by Italian and Indian agencies for alleged kickbacks paid to Indian officials - including former Air Chief SP Tyagi.