Modi government's action on black money, notices sent to Swiss bank account holder
Modi government's action on black money, notices sent to Swiss bank account holder
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New Delhi: with a landslide win led by PM Narendra Modi, the BJP is again in power. For the last 5 years, PM Modi has been consistently saying that the looters of the country will not be spared. The Modi government, in particular, has been engaged in persistent efforts to bring back black money stashed abroad. Meanwhile a big news from Switzerland has surfaced.      

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In fact Switzerland has intensified the process of sharing information related with Indian account holders holding suspicious sums in Swiss banks. In this regard, Swiss authorities Potluri King Mohan Rao's The name has been issued a public notice. Earlier last month, notices were sent to 14 such persons before sharing their information. As per the rules, such notices are issued to give them a final opportunity to appeal against reporting of their accounts to the Government of India.  

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According to officials, many such notices may be issued in the coming weeks. India has sought information on Indian citizens having dubious black money in Swiss banks from the Government of Switzerland. The notice was sent to Rao on May 28 and Has been given a 10-day moment to appeal. Earlier on May 21, 11 people were given notices.

 

 

 

 

 

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