Swiss bank

Indians may have much more than $2.5 bn in Swiss banks

It's official now - Indians hold about USD 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.

Jul 24, 2011, 13:18 PM IST

US probes Credit Suisse for aiding tax evasion

Swiss bank Credit Suisse is being probed by the US Department of Justice as part of a broader investigation into banks suspected of helping Americans evade taxes.

Jul 15, 2011, 19:54 PM IST

Swiss financial system pays Rs 1-lakh crore tax a year

They are accused of helping Indians and others evade tax and hide their black money, but the Swiss financial sector itself pays taxes totalling about Rs one lakh crore every year to its government.

Jul 14, 2011, 15:10 PM IST

I thought Advani had retired: Ambika Soni

Union Minister Ambika Soni on Friday took a dig at senior BJP leader LK Advani for his apology to Congress president Sonia Gandhi over a BJP-appointed task force report on Swiss bank accounts, saying she thought he "had retired".

Feb 18, 2011, 15:44 PM IST

Can share Indians` Swiss bank A/c details: Envoy

Switzerland is willing to share information on Indians holding secret bank accounts there as part of New Delhi`s effort to bring back an estimated $1.4 trillion black money in tax havens abroad, envoy Philippe Welti has said.

Feb 13, 2011, 17:33 PM IST

Swiss waiting for India`s request on Hasan Ali

Amid a raging controversy over black money allegedly stashed by stud farm owner Hasan Ali in Swiss banks, Switzerland has said it is awaiting a "complete" request from India for help in this case.

Jan 31, 2011, 14:02 PM IST

JD-U asks SC to get names of Swiss bank accountees disclosed

JD-U expressed concern over the
Centre`s alleged unwillingness to disclose the names of
Indians among Swiss bank accountees.

Jan 24, 2011, 18:20 PM IST

`Indian-sounding names in Swiss Bank`s secret A/c`

A television channel on Tuesday claimed that some Indian-sounding names figure in the Swiss Bank secret accounts data which were handed over to WikiLeaks founder Julian Assange by a former Swiss banker.

Jan 19, 2011, 01:24 AM IST

Swiss banker who helped WikiLeaks faces trial

A Swiss banker whose actions
caused a US judge to briefly shut down WikiLeaks three years
ago goes on trial next week for distributing confidential
documents.

Jan 11, 2011, 00:14 AM IST

Swiss bank issues non-sexy dress code

All staff in a Swiss bank has been told to wear non-sexy apparel.

Dec 18, 2010, 10:42 AM IST

Money stashed abroad not near $1.5 tn: Govt

The government gave the SC the status report on the action taken by the CBDT on money stashed away by Indian nationals in Swiss and German banks in Europe and said the amount is no way near the whopping sum of $1.5 trillion.

Dec 10, 2010, 22:29 PM IST

Government has no data on Swiss bank money: RTI activist told

There is no verifiable data about the quantum of Indian money kept in Swiss banks, the government has told a Right to Information (RTI) activist.

Sep 16, 2010, 16:14 PM IST

Advani wants white paper on black money stashed abroad

The government should publish a white paper on Indian money stashed abroad and reveal the outcome of negotiations with 20 countries where some Indians have hoarded black money, BJP`s Advani has demanded.

Mar 15, 2010, 15:13 PM IST

IT revolution an achilles heel for Swiss bank secrecy

The digital revolution is turning into the achilles heel of Swiss banks, according to security and banking experts quizzed about recent stolen data turning up in the hands of neighbouring countries.

Feb 14, 2010, 11:02 AM IST

IT revolution an achilles heel for Swiss bank secrecy

The digital revolution is turning into the achilles heel of Swiss banks, according to security and banking experts quizzed about recent stolen data turning up in the hands of neighbouring countries.

Feb 14, 2010, 11:02 AM IST

UBS data transfer to US `violated` secrecy laws: Swiss court

A Swiss court ruled on Friday that banking watchdog FINMA violated Swiss laws by authorising the transfer of data of 300 UBS clients to US tax authorities.

Jan 08, 2010, 22:00 PM IST

Lockerbie bomber has 2 mn pounds in Swiss bank account

As the 21st anniversary of the
Lockerbie bombing was marked today, Britain has disclosed that
Abdul Baset Ali al-Megrahi, convicted of downing the Pan Am
flight in 1988, held nearly two million pounds in a Swiss bank
account.

Dec 22, 2009, 00:27 AM IST

‘Musharaf withdrew Swiss `kickback` cases against Zardari’

Several cases registered in Switzerland against President Asif Ali Zardari for allegedly using Swiss bank accounts to stash away millions of dollars in kickbacks were withdrawn on the orders of Pervez Musharraf.

Dec 15, 2009, 23:22 PM IST

Thousands hit by closure of UBS fund: Report

Thousands of UBS clients have been hit by a move by Switzerland`s biggest bank to liquidate a property investment fund worth billions of dollars, Swiss newspaper SonntagsZeitung reported Sunday.

Dec 13, 2009, 19:57 PM IST

UBS eases international travel restrictions for employees

Swiss banking major UBS has eased travel restrictions on its employees involved in cross-border business activities following a review of its compliance with laws in different countries.

Dec 13, 2009, 19:54 PM IST