ZURICH: Money held by Indians in Swiss banks fell by over 10 per cent last year to 1.8 billion Swiss franc (about Rs 12,615 crore), amid an enhanced clampdown against the famed secrecy wall of Switzerland’s banking system by Indian and other governments.
This is the second lowest amount of funds held by Indians in the Swiss banks.
In contrast, the money held in Swiss banks by their foreign clients from across the world surprisingly rose during 2014 to 1.5 trillion Swiss franc (USD 1.6 trillion or Rs 103 lakh crore), from about Rs 90 lakh crore at the end of 2013 — the record low level so far.
During 2012, the Indians’ money in Swiss banks had fallen by over one-third to its lowest ever level of 1.42 billion Swiss franc (Rs 8,530 crore).
外文标题：Money held by Indians in Swiss banks falls by over 10% to Rs 12,615 crore
srik () 0 min ago
It’s the money to feed the hungry. ….not fair. ..what’s the use of stacking it in any bank…foolish people
R Venkatesh Govind Venkatesh (Gurgaon)
Most probably, most of this money has already come back to India by hawala route. We will now find all this money “invested” in land & real estate, duly enabled by BJP’s land bill. Admittedly, BJP has succeeded in bringing back black money!
Krishnamurthy Yayavaram (Chennai)
Is the Money diverted to other havens???
Manish Maheshwari (Unknown)
Money from swiss bank is now been diverted in other countries / banks. Also some part of money is brought back in India in terms of foreign investments. wont say Modi will be able to bring back black money but I am sure he will resist furthur outflow of black money outside India.
Sachithanandham Palaniswamy (Bangalore, India)
Total black money is only 2 Billion dollars. this is not even 2 % of black money i guess.
Dinesh Agarwal (Bhubaneswar)
The longer time it takes to unearth the truth the better for the depositors to adjust the money kept in SWISS Bank. This is the loophole of our system.
Look like Rahul has withdrawn all money during his last foreign trip,
This is just a sham.. what do u think? the politician aren’t money minded? The politicians are serving their own interest rather than the interest of the nation. These people are not happy with the 80,000 Per month salary they get… They want crores….
Let India govt. allow Swiss banks to open branches in India so people can deposit black money in India itself.
So much money I can only dream of.