What's new

India has more money in Swiss banks than all other countries combined

Status
Not open for further replies.
@ SU50,eowyn

I think both of you misunderstood.
Coming to think of it,when I had gone through what I posted,I found it confusing myself.

The money is indeed in various bank accounts.The problem is with the Swiss law,which protects the identity of the account holder from tax authorities, foreign governments or even Swiss authorities.This is actually what I meant.
Now there are exceptions to this law of course,but only in case of a proved case of criminal conviction.The way the CBI or IT department in India can conduct a raid to go through someone's accounts on the basis of suspicions, cant be done here.
I hope that clears the doubts.
 
. .
When will someone check the banks in Cyprus ? They are same now as what Swiss banks used to be before.

When will someone account for the ownership of properties by politicians in Dubai .
 
.
Status
Not open for further replies.

Latest posts

Pakistan Defence Latest Posts

Back
Top Bottom