#BlackBucks: Switzerland asks India ‘bring proof for more details’
- 5 years ago
As India continues its pursuit of black money allegedly stashed abroad, Switzer-land has said it would not entertain any 'fishing expedition' and authorities cannot ask for names of all Indian account holders in Swiss banks without doing their own independent investigations.
Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.
He, however, agreed that all the money deposited in Swiss banks might not have always been 'taxed money' in the past, as Switzerland was a major destination for several decades when money would flow in from different sources.
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Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.
He, however, agreed that all the money deposited in Swiss banks might not have always been 'taxed money' in the past, as Switzerland was a major destination for several decades when money would flow in from different sources.
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