With the withdrawal of the Modi government once again, Switzerland has started cracking down on Indians who have kept money in banks here. Switzerland has accelerated the process of sharing information with such Indians. Switzerland, which is considered the safest place to deposit black money, has issued notices to nearly a dozen Indians last week.
Swiss authorities have given at least 25 notices to Indian customers of Swiss banks till March, and one last chance of appealing against sharing their information with the Indian government has been given.
Analyzing the notices issued by the Federal Tax Administration of Switzerland, it shows that the Swiss government has accelerated the process of sharing such name holders with many countries in the last few days. Especially if you talk about India, such cases have seen rapid growth in the last few weeks. India's Narendra Modi government has kept a tough stance against black money holders abroad.
The Swiss government has not given the full name of account holders in Swiss banks, but only the initial latter of the name only, according to the publications released by the Gazette. Apart from this, the nationality of the consumer and birth date has been mentioned. According to the Gazette, notices were issued to 11 Indians on May 21.
The names of the two Indians who have written the full name of the Swiss officers are named Krishna Lord Ramchand born in May 1949 and Kalpesh Harshad Kiniariwala, born in September 1972. However, other information about them has not been disclosed.
Among other names, the first letters of which are written on 24 November 1944, born on November 24, 1944, Mrs. ASBK, born July 9, 1944, Mr. ABKI was born on November 2, 1983, Mrs. PAS, born on November 22, 1973, Mrs. RAS, born on November 27, 1944. Born on August 14, 1949, was born on August 14, 1949, Mrs. ADS, MLA born on 20th May, 1935, Mr. NMA born on February 21, 1968 and Mr. MMA born on June 27, 1973. There is a lot of curiosity in India now on who is the name.
These notices have said that the concerned customer or any of their authorized representatives should be present with the necessary documents to appeal within 30 days and tell them why the information related to their account is not disclosed to the Indian government.
Be aware that Switzerland has been known to maintain the confidentiality of customers who hold accounts in their banks. But after a global agreement on tax evasion, this wall of privacy is no longer safe. He has compromised with the Indian government about sharing the information of the account holders. Such agreements have also been done with other countries.
According to the news agency PTI, many names given in it are in the lease list of HSBC and in the list of Panama Papers. India's agencies are investigating this.
