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

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 enforcement agencies in the two countries tightening their noose on individuals suspected to have amassed illicit wealth. Citing the federal gazette notifications issued by the Swiss government to the concerned individuals, the officials said at least 50 Indian nationals have been issued notices in the past few weeks giving them one final opportunity to appeal against proposed sharing of their details with the Indian authorities. The full names that have been made public in recent weeks in the Swiss government federal gazette include Krishna Bhagwan Ramchand, Potluri Rajamohan Rao, Kalpesh Harshad Kinariwala, Kuldip Singh Dhingra, Bhaskaran Nalini, Lalitaben Chimanbhai Patel, Sanjay Dalmia, Pankaj Kumar Saraogi, Anil Bhardwaj, Tharani Renu Tikamdas, Mahesh Tikamdas Tharani, Savani Vijay Kanaiyalal, Bhaskaran Tharur, Kalpeshbhai Patel Mahendrabhai, Ajoy Kumar and Dinesh Kumar Himatsingka, Ratan Singh Chowdhury and Kathotia Rakesh Kumar. While a large number of Indians have been issued notices in recent weeks with Switzerland stepping up its process to share details of such individuals, many more such notices are in the offing in coming weeks as India has sought details about a large number of Indian clients of Swiss banks who are suspected to have indulged in illicit financial activities.