Black Money: Two Indians feature among nationals having bank accounts in Swiss bank

As Switzerland began naming foreign nationals with Swiss bank accounts, two Indian women also featured in the list. The names have been made public by the country in its official gazette.

The Swiss Federal Tax Administration (FTA) has asked the two women to register an appeal within 30 days with Federal Administrative Court, in case they do not want their details to be shared with the Indian authorities under their 'mutual assistance' treaty.

Other than their date of birth details, no other information was revealed of the two Indians identified as Sneh Lata Sawhney and Sangita Sawhney.

But in case of American and Israeli nationals, their full names have been withheld and are identified by their initials and dates of birth.

A news agency reported that at least 40 such 'final notices' were published in the Swiss Federal Gazette so far this month, while more such names are expected to be published going forward.

The illicit wealth stashed abroad by Indians in Swiss banks has been a matter of great concern and debate in India.

The federal government has been pushing Switzerland to share information of tax evaders who have black money stashed abroad.

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