The total amount stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013, 2017, 2020 and now in 2021, as per the Swiss National Bank data.
The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years.
Zurich: Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall
New Delhi: In the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.The agency recently has begun obtaining
Zurich: India has moved down to 61st place in terms of foreigners' money in Swiss banks and it now accounts for a meagre 0.123 percent of the total global wealth worth USD 1.6 trillion in
New Delhi, Dec 3: The names of Indians holding Swiss bank accounts may be revealed by Wikileaks sometime next year, its founder Julian Assange said today.Assange, who is under house arrest in the UK, said
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