Indian money in Swiss bank rise: Subramanian Swamy slams govt
New Delhi, June 29 (IBNS): Not only Congress, even Bharatiya Janata Party (BJP) MP Subramanian Swamy has slammed the government for not being able to curb the black money.
Breaking News: Major success of Finance Secy Adhia. Secret Swiss Bank accounts deposits from global sources rose by 3% last 12 months. Indians deposits however grew 50% . Adhia would have managed more if Rajeshwar was not a distraction.
— Subramanian Swamy (@Swamy39) June 29, 2018
The Indian money deposited in Swiss banks had fallen by 45 percent in 2016 but in 2017, the total funds held by Indians with Swiss banks rose to 999 million Swiss franc (Rs 6,891 crore).
According to the data, the Indian money in Swiss banks included CHF 464 million (Rs 3,200 crore) in the form of customer deposits, CHF 152 million (Rs 1,050 crore) through other banks and CHF 383 million (Rs 2,640 crore) as ‘other liabilities’ such as securities at the end of 2017.This comes even as the Centre constituted a Special Investigation Team (SIT) to probe cases of alleged black money of Indians stashed abroad.
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