Black Money List: Era Of Tax Haven Has Come To An End Says Arun Jaitley

“I have been repeatedly saying that the veil of secrecy with regard to assets and monies kept by Indian entities outside India is going to be lifted… This should give a sufficient indicator to those who hold assets outside India,” he said. The names of at least seven “Indian nationals” have been made public in Switzerland’s Federal Gazette with regard to details sought about them by the Indian authorities.

Industrialist Yash Birla, as also two Mumbai-based individuals behind City Limousines scam, are among the seven Indian nationals with Swiss bank accounts whose names have been made public in Switzerland’s official gazette with regard to ongoing tax probes against them in India. The others are Gurjit Singh Kochar, son-in-law of late realty baron Ponty Chadha, a Delhi-based businesswoman Ritika Sharma, Sneh Lata Sawhney and Sangita Sawhney.

“From the last one year we have had extensive negotiations with the Swiss authorities. The Swiss authorities have been moving in the direction of cooperation. I am delighted that this cooperation would not have fructified on a better day than when our government completes its one year,” he said.
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