January 19, 2025 01:04 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Kolkata court convicts civic volunteer Sanjoy Roy in RG Kar rape-murder case | Saif was stabbed repeatedly, he tried to protect Taimur and Jeh: Kareena Kapoor Khan records statement with police | Escaped death by 20-25 minutes: Sheikh Hasina alleges opposition wanted to kill her | Cabinet's decision on 8th Pay Commission will improve quality of life, give boost to consumption: PM Modi | 'It has been an incredibly challenging day': Kareena Kapoor Khan requests privacy after Saif Ali Khan's stabbing incident | 'Distorting history': Mamata slams Mohan Bhagwat over his Ram Temple consecration 'marking true independence' remark | Saif Ali Khan stabbing incident: Actor who received six wounds is out of danger, one accused identified | ISRO creates history docking two Indian satellites in space | US-based short seller Hindenburg Research that targeted Adani Group and SEBI chairperson to be disbanded | Saif Ali Khan stabbed during burglary attempt at home, hospitalised; police probe on

Indian money in Swiss bank rise: Rahul Gandhi slams Narendra Modi

| @indiablooms | Jun 29, 2018, at 05:25 pm

New Delhi, June 29 (IBNS): Congress president Rahul Gandhi on Friday attacked Prime Minister Narendra Modi over reports of 50 percent rise in Indians stashing money in Swiss banks. 

Gandhi also slammed Modi over the issue of black money and note ban.

Gandhi said Modi failed to bring back black money from Swiss banks.

"2014, HE said: I will bring back all the "BLACK" money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. 2016, HE said: Demonetisation will cure India of "BLACK" money. 2018, HE says: 50% jump in Swiss Bank deposits by Indians, is "WHITE" money. No "BLACK" in Swiss Banks!," Gandhi tweeted.

Even as the Narendra Modi government claimed to have made a clampdown on black money, an official annual data released by the Swiss National Bank revealed that money stashed by Indian in Swiss Bank rose to 50 percent to CHF 1.01 billion (Rs 7,000 crore) in 2017.

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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Close menu