Swiss Bank Deposits: Finance minister Arun Jaitly on Friday broke his silence ongoing debate over the bank revelation on money deposits by India and claimed that all the money deposited in Swish Bank is not entirely blacked. Finance minister Piyush Goyal said on Friday reported 50% rise in deposits by Indians in Swiss Bank. Government will start getting details on bank account of Indians in Switzerland from next year under a bilateral tax treaty and strong action would be instituted against anyone found guilty.
Assume that all the deposits are per tax evaded money or that Switzerland in the matter f illegal deposits is what it was decades ago, is it start on a shaky preassumtion.
As per latest Swiss bank data revealed the monetory deposits by Indians in Swiss bank rose over 50% to 7,000 crore in 2017. Indian money in Swiss bank . defending the same Jaitly said that Switer has entered several blareties making discloser.
Minister was responding money people record parked by Indias in Swiss bank rose to CHF (Swiss France), 1.01 million, billion 1.01 (7. 000 Carore) in 2017. In comparison of total funds held, 3% CHF trillion or about Rs 100000 .