Swiss Bank

  • Swiss government to reply Chidambaram's letter soon 27-03-2014 09:24 PM

    Switzerland on Thursday said it would soon respond to Finance Minister P Chidambaram's letter that has raised concerns about not providing information on alleged unaccounted money stashed by Indians in Swiss banks. "We confirm that we have received a letter from India's Finance Minister. He will receive an answer soon,"...
  • Switzerland not sharing information on bank accounts of Indians: Chidambaram 27-03-2014 12:19 PM

    New Delhi: Upping the ante against Switzerland for not sharing information on Indians stashing money in its banks, Finance Minister P Chidambaram has threatened to drag the European nation to multilateral foras like G20 for continuing to block its requests. Chidambaram, in a terse two-page letter to his Swiss counterpart...
  • Swiss bank UBS to exit banking business in India: Source 22-06-2013 06:47 PM

    Mumbai: Swiss bank UBS AG will surrender its Indian banking license and close its banking unit, covering fixed income, forex operations and credit services, a source with direct knowledge of the matter said on Saturday. However, UBS will continue its corporate client service business, which includes mergers and acquisitions, equities...
  • Indian money in Swiss banks dips to Rs 9,000 cr 20-06-2013 06:23 PM

    Zurich: Indians' money in Swiss banks has fallen to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system made it unattractive for their global clients. The total funds held by Indian individuals and...
  • Black money: I-T approaches Swiss authorities 18-11-2012 11:30 AM

    New Delhi: The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names. The department, which approached the Finance...
  • Black money: Govt's intentions malafide, says Kiran Bedi 11-11-2012 06:10 PM

    Former Swiss bank employee Rudolf Elmer, who gave WikiLeaks the black money list, told CNN-IBN on Sunday that the list included Indian politicians, cricketers and film stars. ...
  • 'Politicians, cricketers on black money list' 11-11-2012 07:28 AM

    New Delhi: A former Swiss bank employee has claimed that several politicians, cricketers and internationally well-known people have black money in the Swiss banks. Rudolf Elmer, who gave WikiLeaks the black money list told CNN-IBN that he did not sell any data to the Indian government. Speaking via Skype, Elmer...
  • Govt targeting the small fry, sparing the corrupt: Kejriwal 10-11-2012 06:44 PM

    New Delhi: India Against Corruption (IAC) activist-turned-politician Arvind Kejriwal has refused to accept the government's statement that explained that a probe had been initiated into the information provided by the government of France regarding several Indians who had accounts in foreign banks. Speaking to reporters, Kejriwal said he had five...
  • Govt counters IAC, says details on black money being probed 10-11-2012 04:19 PM

    New Delhi: The government on Saturday countered India Against Corruption (IAC) activist Arvind Kejriwal's claims that it is not acting on the alleged black money list handed over by the French government in 2010. In a statement, the government said that the information received from the French government had been...
  • Congress MP Annu Tandon rubbishes Kejriwal's allegations 09-11-2012 08:54 PM

    Congress MP Annu Tandon had rubbished all the allegations made by Arvind Kejriwal against her saying they are completely baseless and malicious. "I deny any such rubbish and whatever he is talking, I don't know about any such thing," she said. ...
  • Misleading to say it's easy to open Swiss accounts: Banking Consultant 09-11-2012 04:05 PM

    Banking Consultant Jasmine Arora said that it was not responsible of Arvind Kejriwal to say that opening an account in Swiss banks is easier. Kejriwal had said that the process of opening an account in the Geneva branch of HSBC Bank was easier than opening an account in the SBI...
  • Give black money details: CIC to Prez Secretariat 09-01-2012 03:45 PM

    New Delhi: The Central Information Commission has directed the President's Secretariat to disclose details of correspondence among various ministries and the Delhi Police related to black money. The order came following an appeal by an RTI applicant who had sought to know the action taken on the letters written by...
  • Black money debate: Who said what 14-12-2011 05:45 PM

    New Delhi: The Opposition and the Government were involved in a heated debate over black money in Parliament on Wednesday. The key speakers included Finance Minister Pranab Mukherjee, senior BJP leader LK Advani, Congress spokesperson Manish Tewari, BJP leader Yashwant Sinha, Congress leader Shashi Tharoor, RJD chief Lalu Prasad Yadav...
  • Name MPs holding accounts in Swiss banks: Advani 05-11-2011 12:48 PM

    Mumbai: BJP leader LK Advani on Saturday asked the government to disclose the names of three MPs who figure in the list of 700 Indians who have stashed funds in Swiss bank accounts, terming it as a serious matter which brings the issue of black money close to the political...
  • Name MPs who have Swiss bank accounts: Varun Gandhi 04-11-2011 01:53 PM

    BJP MP Varun Gandhi filed a RTI on Friday saying that the government needs to name the MPs who have Swiss bank accounts. ...
  • Black money back to haunt the UPA again 01-11-2011 09:07 PM

    New Delhi: The Black money debate has returned to haunt the UPA, even as the Income Tax Department has started probing accounts of 782 Indians in a Swiss bank for suspected black money. A list of the top Indian black money account holders of HSBC bank in Switzerland could make...
  • Black money: 782 offshore accounts being probed 01-11-2011 01:45 PM

    New Delhi: The Income Tax department is looking at 782 Indian accounts in HSBC Geneva for suspected black money. Sources said a probe into some of the Indian account holders with over Rs 3000 crores in deposits are being probed. The list was not officially given by the Swiss government,...
  • UBS losses $ 2 billion in fraud 15-09-2011 10:59 PM

    Geneva: UBS AG on Thursday said an unauthorised trader has caused it a loss of whopping $2 billion, a development that could push the Swiss banking major into a loss for the September 2011 quarter. The alleged fraud comes at a time when the banking giant is slowly recovering from...
  • Swiss bankers oppose another US tax treaty 05-09-2011 06:34 PM

    Geneva: The Swiss Bankers Association lashed out on Monday at the possibility of another tax treaty with the United States aimed at handing over details of Americans suspected of using Swiss banks to cheat on their taxes. The trade group's chairman, Patrick Odier, urged the Swiss people and the government...
  • Names of tax defaulters to be made public 31-07-2011 01:39 PM

    New Delhi: Names of chronic income tax defaulters would be made public as part of government's crackdown on tax evasion and black money. Finance Minister Pranab Mukherjee disclosed on Sunday that the government was working on a number of strategic initiatives to curb generation of black money and for its...
  • Indians may have over $ 2.5 bn in Swiss banks 25-07-2011 07:31 AM

    Geneva: It's official now - Indians hold about $ 2.5 billion (over Rs 11,000 crore) in Swiss banks, but this figure of Switzerland's central bank may be a gross understatement of the total wealth directly and indirectly held there by entities from India. The ever-growing judicial scrutiny and political outcry...
  • Access to info on Swiss accounts made easier 18-06-2011 02:46 AM

    Geneva: The Swiss Parliament on Friday gave approval to amendments to tax treaties with countries, including India that makes it easier for them to access information about the illegal funds held by their nationals in Swiss private banks. The upper house of the Swiss Parliament endorsed amendments to double-taxation agreements...
  • Panel on black money to meet for the first time 06-06-2011 04:10 PM

    New Delhi: The committee set up by Central Government on black money will meet later this week in Delhi for the first time. The committee under the chairmanship of the chief of Central Board of Direct Taxes (CBDT) will examine ways for strengthening laws to curb generation of black money...
  • Vested interests trying to discredit Lokpal bill 28-05-2011 05:26 PM

    Bangalore: Lokpal Bill joint draft committee member Arvind Kejriwal on Saturday alleged that vested interests seemed to have ganged up to discredit the proposed legislation by unleashing a sustained campaign to spread misconceptions and falsehood. He said vested interests first made an attack on the individual members of the committee...
  • SC reserves verdict on forming SIT on black money 04-05-2011 01:12 PM

    New Delhi: The Supreme Court on Wednesday reserved its order on a plea to set up a special investigation team (SIT) to track the black money stashed away in foreign banks and to take steps for bringing it back to the country. A bench of justices B Sudershan Reddy and...
  • Cong dismisses Assange claims, BJP for probe 27-04-2011 04:42 PM

    New Delhi: While Congress on Wednesday dismissed WikiLeaks chief Julian Assange's remarks about the Indian black money stashed in Swiss banks, saying it will not join issue with individuals or comment on "hearsay", BJP alleged the UPA government was not making any effort to bring it back despite being pulled...
  • Govt not doing anything about black money: Advani 26-04-2011 06:46 PM

    New Delhi: In the wake of comments by WikiLeaks chief Julian Assange about black money stashed abroad by Indians, BJP on Tuesday alleged that the UPA government was not making any effort to bring it back despite being pulled up by the Supreme Court. Speaking to reporters in Burdwan, West...
  • Indian names in Swiss bank data list: Assange 26-04-2011 04:54 PM

    New Delhi: In comments that could fuel a fresh controversy over the black money issue, WikiLeaks founder Julian Assange on Tuesday said there are Indian names in the Swiss bank data list that are going to be made public. "Yes, there are Indian names in the data that we have...