Black money: Swiss Embassy contradicts CBI chief, calls his statement 'uncorroborated'
Press Trust of India, Updated: February 16, 2012 17:53 IST
New Delhi: Three days after the Central Bureau of Investigation (CBI) said that Indians are the largest depositors in Swiss banks, Switzerland today contradicted that stand, calling it "uncorroborated".
CBI Director Ambar Pratap Singh had, on Monday, said that Indians had stashed away an estimated 500 billion dollars in black money in foreign banks. The maximum outflow of illegal funds was to tax havens such as Mauritius, Switzerland, Lichtenstein and British Virgin Islands, he had said.
But the Swiss Embassy today, in an unusual step, issued a statement saying, "It wishes to make a clarification in view of unsubstantiated media reports that have been recently published about Switzerland and Swiss Banks."
But, the release, which did not mention the CBI chief's statement, said that Switzerland is not a tax haven.
"There have been several speculations about the amount of wealth held by Indians in Swiss Banks... Such estimates and statistics lack of evidence and are uncorroborated," the statement said.
While there have been various estimates of Indian black money stashed abroad, the statement by the CBI Director was significant in that, for the first time someone in authority in the country had come out with an estimate.
original NDTV News
Thursday, February 16, 2012
Indian Black Money and Swiss Terror
Subscribe to:
Post Comments (Atom)
Disclaimer
The contents posted on these Blogs are personal reflections of the Bloggers and do not reflect the views of the "Report My Signal- Blog" Team.
Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
No comments:
Post a Comment