Swiss bank accounts: Names of industrialists Sanjay Dalmia, DK Himatsingka, dozen others revealed in Switzerland's Federal Gazette
5 years, 7 months ago

Swiss bank accounts: Names of industrialists Sanjay Dalmia, DK Himatsingka, dozen others revealed in Switzerland's Federal Gazette

Firstpost  

New Delhi: Industrialist Sanjay Dalmia, Dinesh Kumar Himatsingka, Executive Chairman of Bangalore-based Himatsingka group, are among about a dozen Indians with Swiss bank accounts whose names have been made public in Switzerland’s Federal Gazette with regard to the ongoing probe into offshore accounts by the Income Tax authorities. The names of Dinesh Kumar Himatsingka’s brother Ajoy Kumar Himatsingka, Renu Tharani, Rakesh Kathiota, Pankaj Kumar Saraogi, Nalini Bhaskaran have also been made public after their details were sought by the Indian authorities. Dinesh Kumar Himatsingka, who figured in the notification dated 14 May 2019, can file an appeal before the Federal Administrative Court, St. Gallen, Switzerland within 30 days while providing reasons and evidence in his support. They are also linked to British Virgin Islands-based firm ‘Middleburg Capital Limited.’ A few other Indians on the list of Swiss bank account holders are ‘PM born on 1961, YA born on 30 April 1963 and PKK born on 23 January 1946.

Tax Indian Income Crore Indians Kumar Bank Accounts Switzerland Born 30 Days Swiss Authorities Swiss Authorities S S Himatsingka Sanjay Dalmia Federal Gazette Kumar Himatsingka Dinesh Kumar Himatsingka  undisclosed  federal  switzerlands  revealed  income  authorities  gazette  crore  himatsingka  born  tax  swiss  kumar  sanjay  rs  industrialists  indian  dozen  names

History of this topic

No estimate of money deposited by Indian citizens, firms in Swiss banks: FM
2 years, 5 months ago

No estimate of money deposited by Indian citizens, firms in Swiss banks: FM

Live Mint  

Finance Minister Nirmala Sitharaman in a written reply to Lok Sabha on Monday said the government raised a tax demand of ₹14,820 crore as of May 2022, after completing an assessment of 368 cases under the Black Money law for undisclosed foreign income and assets. The FM said there is no official estimate of the amount of money deposited by …

'SwissLeaks': Former Pakistan top spy's name features in leaked list of Credit Suisse account holders
2 years, 10 months ago

'SwissLeaks': Former Pakistan top spy's name features in leaked list of Credit Suisse account holders

India Today  

Pakistan's former top spy, General Akhtar Abdur Rehman Khan's name, has featured in a list of high-profile Pakistanis with Swiss bank accounts. The list was accessed by German newspaper S¼ddeutsche Zeitung as part of 'SwissLeaks' - a massive leak from Credit Suisse, one of the world's largest private banks. READ: Credit Suisse on the defensive after leak about accounts holding …

India gets 3rd set of Swiss bank details under automatic info exchange framework
3 years, 3 months ago

India gets 3rd set of Swiss bank details under automatic info exchange framework

India TV News  

India has received the third set of Swiss bank account details of with Switzerland as part of an annual exercise under which the European nation has shared particulars of nearly 33 lakh financial accounts with 96 countries. While the FTA did not disclose names and further details of all 96 countries, officials said India figured among those having received the …

Swiss bank details about real estate properties owned by Indians to be revealed this month | 7 points
3 years, 4 months ago

Swiss bank details about real estate properties owned by Indians to be revealed this month | 7 points

India TV News  

The third set of Swiss bank account details of Indians under an automatic exchange of information pact with Switzerland will be revealed this month, officials told news agency PTI. Even though it is for the third time that India will get details about bank accounts and other financial assets held by Indians in Switzerland, it will be the first time …

Finance Ministry refutes reports of alleged black money held by Indians in Switzerland
3 years, 6 months ago

Finance Ministry refutes reports of alleged black money held by Indians in Switzerland

India TV News  

The Union Finance Ministry on Saturday said that increase in deposits of Indians in Swiss Banks could be on account of increase in business of Swiss bank branches located in India and raised Inter-bank transactions, rather than due to an increase in alleged black money held by Indians in Switzerland. "Reports allude to the fact that the figures reported are …

Indians' funds in Swiss banks: Govt seeks details from Swiss authorities
3 years, 6 months ago

Indians' funds in Swiss banks: Govt seeks details from Swiss authorities

India TV News  

The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities on the relevant facts along with their view on possible reasons for changes in the funds parked by individuals and entities in 2020. Quoting data from Switzerland's central bank, PTI had reported on June …

No significant chance of Indians’ Swiss bank deposits rising: Finance Ministry
3 years, 6 months ago

No significant chance of Indians’ Swiss bank deposits rising: Finance Ministry

The Hindu  

The Finance Ministry has asserted that ‘there does not appear to be any significant possibility’ of an increase in Swiss bank deposits from undeclared incomes of Indians, but has requested Swiss authorities to provide the ‘relevant facts’ and ‘possible reasons’ for changes in deposit numbers. “The Swiss authorities have been requested to provide the relevant facts along with their view …

Indians' funds in Swiss banks rise to over Rs 20k crore on surge in securities, institutional holdings
3 years, 6 months ago

Indians' funds in Swiss banks rise to over Rs 20k crore on surge in securities, institutional holdings

India TV News  

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday. The total amount of CHF 2,554.7 million, described by the …

India gets 2nd set of Swiss bank account details under automatic info exchange framework
4 years, 3 months ago

India gets 2nd set of Swiss bank account details under automatic info exchange framework

India TV News  

India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad. India is among the 86 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework …

India's Swiss bank black money probe reaches at the doorstep of Mumbai-based software firm
5 years, 3 months ago

India's Swiss bank black money probe reaches at the doorstep of Mumbai-based software firm

Firstpost  

New Delhi/Berne: India’s fight against suspected black money stashed in Swiss banks has reached a village lane in Andheri area of Mumbai, where an obscure-sounding company, Motech Software Pvt Ltd, was set up nearly two decades ago that allegedly went on to deposit millions of dollars in Switzerland through a maze of offshore entities. The Indian tax department and other …

Era of Swiss bank secrecy over, details of Indians to come from today
5 years, 4 months ago

Era of Swiss bank secrecy over, details of Indians to come from today

India TV News  

In a major boost to Modi government's fight against the menace of black money, Switzerland will send details of bank accounts of Indian citizens in Swiss banks from today. The details to be shared by Switzerland with the Indian tax authorities under the Automatic Exchange of Information framework would include account numbers, credit balance and all kinds of financial income …

Switzerland shares details of 50 Indians, mostly businessmen, suspected of amassing illicit wealth at Swiss banks
5 years, 6 months ago

Switzerland shares details of 50 Indians, mostly businessmen, suspected of amassing illicit wealth at Swiss banks

Firstpost  

Authorities are in process of sharing details of at least 50 Indian nationals having Swiss bank accounts, with regulatory and enforcement agencies in the two countries tightening their noose on individuals suspected to have amassed illicit wealth Berne: Swiss authorities are in process of sharing details of at least 50 Indian nationals having accounts in Switzerland-based banks, with regulatory and …

Piyush Goyal dismisses Congress' claims of increasing Indian deposits in Swiss banks, says it has dropped by 34% since 2014
6 years, 5 months ago

Piyush Goyal dismisses Congress' claims of increasing Indian deposits in Swiss banks, says it has dropped by 34% since 2014

Firstpost  

Piyush Goyal said that contrary to Congress President Rahul Gandhi’s assertion that deposits by Indian nationals in Swiss Banks had increased by 50 percent, the actual Indian deposits had gone down by 34 percent New Delhi: Finance Minister Piyush Goyal on Tuesday dismissed the allegations of a 50 percent jump in deposits by Indians in Swiss banks as “baseless” and …

No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts for third year in a row
6 years, 5 months ago

No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts for third year in a row

Firstpost  

As per the latest data released by the Swiss National Bank, funds parked by Indians with Swiss banks rose 50 percent to CHF 1.01 billion in 2017. Zurich/New Delhi: It is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian …

Indian money stashed in Swiss banks swells by 50%: Strong action will be taken against illicit deposits, says Piyush Goyal
6 years, 6 months ago

Indian money stashed in Swiss banks swells by 50%: Strong action will be taken against illicit deposits, says Piyush Goyal

Firstpost  

India would start getting details of bank accounts from Switzerland under a bilateral treaty, finance minister Piyush Goyal said New Delhi: With deposits by Indians in Swiss banks surging, finance minister Piyush Goyal on Friday wondered how all of it can be assumed to be black money, but said strong action would be taken against anyone found guilty of wrongdoing. …

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