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India To Get Swiss Bank Details On Black Money

Black_MoneySwitzerland has prepared the list of Indians suspected to have black money in Swiss banks and the details are being shared with the Indian government. The names of these individuals.

Switzerland refused to reveal the identity of these persons and the quantity of funds held by them in Swiss banks because of the confidentiality clause of the bilateral information exchange treaty between two countries.

Dismissing the claims that black money deposited by Indians in Swiss banks could be trillions of dollars, Swiss officials said, as per the latest Swiss National Bank data pegs total foreign client money across 283 banks in Swiss is 1.6 trillion dollars.

Swiss officials also assured that they are positive to work with Indian government and they will provide necessary support to the Special Investigation Team on black money.