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Reveal Indian bank accounts, Switzerland urged


New Delhi, June 23:

India will approach Switzerland Monday to expedite the process of revealing details of “unaccounted money” held by Indians in Swiss banks, Finance Minister Arun Jaitley said.

Arun Jailtley
Arun Jailtley

“We have not received any official communication from Swiss authorities so far about sharing bank account details of Indians (who have) deposited unaccounted money there,” Jaitley told the media here.

He said he would be writing Monday to the concerned Swiss authorities “to expedite the process of sharing the information”.

Finance Minister Arun Jaitley Monday said Swiss authorities have not shared any information or given an assurance on sharing details about Indian account holders in Swiss banks, where a major portion of the black money is supposed to be stashed away.

The finance minister was reacting to a media report that said Swiss authorities have agreed to share the details of Indian account holders. 

Jaitley said there is no official communication so far, and the Indian authorities will send a request to the Swiss authorities for sharing the information. 

“Our communication will be sent today itself,” Jaitley told reporters outside his North Block office.