India writes to Switzerland seeking info on secret accounts

June 29, 2014 15:11

India has made a fresh request to Switzerland seeking bank details and names of Indians having unaccounted money in Swiss banks, as the government expands its efforts to combat the menace of black money.

The latest request has been made by the Finance Ministry after a Swiss government official recently said that Switzerland was ready to cooperate proactively with India to share details on a 'spontaneous' basis about persons and entities suspected to have untaxed assets in Swiss banks.

"We have written to the Swiss authorities seeking details in this regard. Finance Minister Arun Jaitely had promised that such a step will be taken," a senior Finance Ministry official told PTI.

The official said that the request letter has cited the existing bilateral treaties and global protocols applicable to the two countries for getting information about bank and other details of Indians holding untaxed funds or hidden wealth.

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