This Article is From Oct 06, 2016

India Seeks Enhanced Swiss Cooperation To Tackle Black Money

India Seeks Enhanced Swiss Cooperation To Tackle Black Money

Rajnath Singh requested Swiss minister of justice for cooperation on tackling the issue of black money.

New Delhi: India on Thursday sought enhanced cooperation from Switzerland in tackling the issue of black money by providing information on Indian citizens concealing illegal funds in Switzerland.

This request was conveyed by Home Minister Rajnath Singh to visiting Minister of Justice and Police of Swiss Confederation Simonetta Sommaruga in Delhi.

Mr Singh told Ms Sommaruga that India looks forward to cooperating with Switzerland on the issue of exchange of tax information since black money is the main corruption issue that needs to be tackled, an official statement said.

On the occasion, the two sides signed three pacts -- mutual visa exemption agreement for holders of diplomatic passports, technical arrangements on identification and return of illegal migrants and arrangement for the dependent person of diplomatic, consular, technical and administrative staff of diplomatic and consular mission to perform gainful employment.

The home minister said India and Switzerland have made significant contributions in strengthening peace and prosperity based on their shared vision of a peaceful and progressive future.

Mr Singh also sought a more liberal visa regime for Indian business people since India has been offering multi-year multiple entry visas to Swiss businesses in a bid to enhance bilateral trade and investment.

He proposed training facilities for Indian police officers in Switzerland police academies and other training institutes in the fields of anti-hijacking and cyber forensic.

Other subjects of interest to the two countries were also discussed. These included cooperation in the transfer of sentenced persons and mutual legal assistance treaty in criminal matters that would help in combating terrorism, transnational organised crimes, and corruption including money laundering, the statement said.
 
.