Swiss names Lalit Modi, wife among those facing tax probe
May 31, 2016 19:27
Switzerland today named Lalit Modi and his wife Minal among those about whom information and assistance have been sought from its tax department by the Indian authorities.
In two separate gazette notifications issued today on 'assistance' matters, the Swiss Federal Tax Administration also gave Modi and his wife 10 days for "exercise of the right to be heard".
Without divulging further details, the FTA notifications asked them to inform about a designate authorised person in Switzerland within 10 days to receive notifications. One notification has been issued for "Lalit Kumar Modi, Indian national", while the other one is for "Minal Modi alias Minalini Modi".
The latest notifications come days before Prime Minister Narendra Modi's visit to Switzerland on an official visit,
during which discussions are expected on further strengthening of ties between the two countries in fight against black money suspected to be stashed by Indians in Swiss banks.
The former IPL Commissioner, who is said to have left India for London in 2010, is facing a money laundering probe and the ED has asked external affairs ministry to seek his extradition from the UK. He has been denying any wrongdoing.
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