Swiss Accounts

Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply by 70 per cent in 2023 to a four-year low of 1.04 billion Swiss Francs.

Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.

The Enforcement Directorate (ED) on Monday said it has seized Rs 2.74 crore worth assets of a Kolkata-based business family which allegedly held a Swiss bank account and whose name figured in the Panama Papers leak.

The accounts in the Swiss arm of Gazprombank were held by Sergei Roldugin, the artistic director of the St. Petersburg Music House, who is often dubbed Putin's cellist.

Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.

Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS, a media report said on Sunday.

The musician himself told the New York Times that he was certainly not a businessman and did not himself own millions, according to the indictment.

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange.

Cryptocurrency trading increasingly resembles the US stock market of the late 1920s, Switzerland's top market regulator said on Wednesday, calling for regulators to take more action to protect consumers from abuse in the freewheeling sector.

Carlos Ghosn, the architect of the Renault-Nissan auto alliance, has been fighting multiple probes since fleeing to Lebanon from Japan in late 2019 and has said he hopes to clear his name in financial misconduct cases against him.

A leak of data from a leading Swiss bank has revealed information about 600 accounts linked to 1400 Pakistani citizens, media reports said on Sunday.

UBS Group AG was sued by a couple who said the Swiss bank should not have disclosed the wife's account information to the Internal Revenue Service because she was not a U.S. citizen.

Meta said on Wednesday that it has blocked Facebook and Instagram accounts of an influence operation originating in China that promoted claims of a fake "Swiss biologist" saying the United States was interfering in the search for COVID-19's origins.

India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians.

He jumps onto skateboards, hops on huge exercise balls, rides a bike on a wood plank and backflips off a tyre - all this with a mask on. That's Swiss freestyle skier an snowboarder Andri Ragettli for you in a video that has impressed thousands of people - including Former Jammu and Kashmir Chief Minister Omar Abdullah.

Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply by 70 per cent in 2023 to a four-year low of 1.04 billion Swiss Francs.

Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.

The Enforcement Directorate (ED) on Monday said it has seized Rs 2.74 crore worth assets of a Kolkata-based business family which allegedly held a Swiss bank account and whose name figured in the Panama Papers leak.

The accounts in the Swiss arm of Gazprombank were held by Sergei Roldugin, the artistic director of the St. Petersburg Music House, who is often dubbed Putin's cellist.

Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.

Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS, a media report said on Sunday.

The musician himself told the New York Times that he was certainly not a businessman and did not himself own millions, according to the indictment.

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange.

Cryptocurrency trading increasingly resembles the US stock market of the late 1920s, Switzerland's top market regulator said on Wednesday, calling for regulators to take more action to protect consumers from abuse in the freewheeling sector.

Carlos Ghosn, the architect of the Renault-Nissan auto alliance, has been fighting multiple probes since fleeing to Lebanon from Japan in late 2019 and has said he hopes to clear his name in financial misconduct cases against him.

A leak of data from a leading Swiss bank has revealed information about 600 accounts linked to 1400 Pakistani citizens, media reports said on Sunday.

UBS Group AG was sued by a couple who said the Swiss bank should not have disclosed the wife's account information to the Internal Revenue Service because she was not a U.S. citizen.

Meta said on Wednesday that it has blocked Facebook and Instagram accounts of an influence operation originating in China that promoted claims of a fake "Swiss biologist" saying the United States was interfering in the search for COVID-19's origins.

India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians.

He jumps onto skateboards, hops on huge exercise balls, rides a bike on a wood plank and backflips off a tyre - all this with a mask on. That's Swiss freestyle skier an snowboarder Andri Ragettli for you in a video that has impressed thousands of people - including Former Jammu and Kashmir Chief Minister Omar Abdullah.