Black money case: Swiss Govt agrees to share information of two Indian firms

Dec 03 2018 09:04 AM
Black money case: Swiss Govt agrees to share information of two Indian firms

Ever since Prime Minister Narendra Modi took oath as the Prime Minister of the country, he has been making many efforts to bring back black money hidden from the country but till now the Government has not succeeded and not attempted  any major success. But this time a great news for the country.

In fact, the country's government and PM Modi have a big success in handling black money. This is because the country famous for providing safe haven for black money, Switzerland's government is now ready to give information to the Indian government about two companies. One of the two companies is listed, and for many cases of violations, market regulator SEBI is also monitoring the company. Similarly, the information that will be shared with another company is considered to be related to some politicians from Tamil Nadu. The Swiss government has agreed to provide information about three people to Indian agencies along with these two companies.

Worth mention here that the banking rules in Switzerland are very strict and here the bank and the government did not share any information of any of their account holders with anyone. But now it seems that since accusations of promoting black money, Switzerland has also begun to improve its image.

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