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Swiss Banks are very particular about customer confidentialy and secrecy. They are not obliged to share the details of their customers to anyone unless there is legal proof of any wrong-doing by the customer. In our case, the Indian Government has to first prove that, whatever money is stashed away in Swiss banks by our politicians were earned unlawfully by corruption and then take the same to the Swiss Banks. Only then will we be able to demand the money. The Government cannot just demand money as and when they wish.
What else can I help you with?
Which Swiss bank holds indian black money?
HSBC Bank is one of the Swiss banks that holds indian black money.
What is total amount of black money in 2011 by Indians?
Black money refers to money deposited in foreign banks by Indian citizens. In 2011, it was reported that 2.18 billion Swiss francs were held by Indian individuals and business in Swiss banks.
Which banks hold indian black money?
A Big Part Of India's Black Money Is Held By Swiss Bank.
Why do people prefer to deposit their money in Swiss banks?
Why do we do that. If you are wealthy you might want to because of taxes, but otherwise most folks do NOT put money into Swiss banks. You might think that because of some movies. It is made easy to hide the money and that is one reason for depositing things there.
Why do people believe that their money is safer in Switzerland banks?
Their money is safer because Swiss banks have a reputation for being discreet and tight with account s.
How black money went to Swiss banks?
By the help of some dealers respective countries, who ears money by this dealings.
How black money stored?
Black money is something used in India. It is what money that is earned on the black market is called. This money is often stored in Swiss banks.
Why do people favor Swiss bank accounts?
Swiss Banks are considered the worlds safest as well as most secretive banks. A swiss bank will never share the details of their customers, unless and until the person asking for it has the legal authority to do so and that too after they can prove that the account holder has done some criminal activity in order to earn that money. That is why people prefer swiss banks.
Is there any way to bringback the money deposited in Swiss banks to the particular nation?
Actually No. The first obstacle is finding out if somebody has deposited cash in the Swiss banks. As per Swiss banking laws it is not mandatory for the bank to divulge such information to others. Also it protects its customers and their identities heavily. that is why most of the black money in the world is expected to be saved in Switzerland
Is there money in an ATM?
Of course there is ! The whole point of an ATM - is to issue money on demand - especially if the banks are closed !
Where can one buy Indian money in the US?
One can buy Indian money in the US from many large banks. Indian money can also be bought in the form of travelers checks that can be used while in India.
In 1998 Swiss banks agreed To a settlement Of 1.25 billion allowing descendants Of To receive Money due Them?
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