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'Swiss banks won't entertain fishing expeditions'

PUBLISHED ON: January 27, 2011 | Duration: 6 min, 39 sec

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The Supreme Court might want an aggressive chase down on black money hoarders, but the Swiss will unlikely to be easy to coax. Speaking exclusively to NDTV at Davos, Patrick Odier, president of Federation of Swiss Bankers, said that while he welcomed the double taxation agreement with India, don't expect the Swiss to give up on client confidentiality and go telling. He said they won't entertain any fishing expeditions for information.

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