August 22, 2026 02:14 am (IST)
Follow us:
Yash Birla among seven Indians named by Switzerland
New Delhi, May 27 (IBNS) Industrialist Yash Birla is among the seven Indian bank account holders named by Switzerland's tax authorities while more names could be released in the coming weeks for being probed in India for tax evasion, NDTV has quoted officials of Switzerland's Federal Tax Administration as saying.
India has asked Switzerland for details on these individuals in connection with its investigation into black or untaxed money stashed in Swiss bank accounts.
Swiss authorities say only names of individuals who couldn't be traced by the bank and the Swiss government, are being published. They say these people are seen as eligible for a tax evasion probe.
"If they cannot be traced, names are going to be put in the federal gazette. But it's just the names. You don't know why we are asking them. That's a secret," Patrick Teuscher, spokesperson for the Swiss Federal Tax Administration, told NDTV.
These individuals are being given a chance to get in touch with Swiss authorities; if they don't, then their account details will be handed over to India under the double taxation agreement between the two countries.
Switzerland y has long refused to share information based on "stolen data" - for instance, the list of account holders leaked by former HSBC employee Herve Falciani. But the leaked data led to the bank being indicted not only in France, Belgium and Argentina but also in Switzerland.
"At the moment we don't react to requests on stolen data but that could change. We don't know," NDTV quoted Teuscher as saying.
In 2011, Switzerland received about 370 requests for information. The number shot up to more than 2700 in 2014. India has made the highest number of requests to Switzerland, after Croatia and France.
Swiss authorities say only names of individuals who couldn't be traced by the bank and the Swiss government, are being published. They say these people are seen as eligible for a tax evasion probe.
"If they cannot be traced, names are going to be put in the federal gazette. But it's just the names. You don't know why we are asking them. That's a secret," Patrick Teuscher, spokesperson for the Swiss Federal Tax Administration, told NDTV.
These individuals are being given a chance to get in touch with Swiss authorities; if they don't, then their account details will be handed over to India under the double taxation agreement between the two countries.
Switzerland y has long refused to share information based on "stolen data" - for instance, the list of account holders leaked by former HSBC employee Herve Falciani. But the leaked data led to the bank being indicted not only in France, Belgium and Argentina but also in Switzerland.
"At the moment we don't react to requests on stolen data but that could change. We don't know," NDTV quoted Teuscher as saying.
In 2011, Switzerland received about 370 requests for information. The number shot up to more than 2700 in 2014. India has made the highest number of requests to Switzerland, after Croatia and France.
#Yash Birla #BlackMoneyProbe
# seven Indians named by Switzerland #BlackMoneyProbe
# Swiss Bank #BlackMoneyProbe
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Cockroaches, flies, chemicals near food: Mumbai FDA suspends licences of top eateries, clubs
Fri, Aug 21 2026
India dismisses Pakistan's 'frustration' over US envoy's J&K remark
Fri, Aug 21 2026
Centre denies US visit clearance to Telangana CM Revanth Reddy, says programmes 'not appropriate'
Fri, Aug 21 2026
Indian Navy gets major boost as indigenous anti-submarine warfare ship ‘Mangrol’ delivered
Fri, Aug 21 2026
India’s space push gets rocket boost! PM Modi meets 20 startup CEOs
Fri, Aug 21 2026
Rahul Gandhi stages dharna at Delhi police station over CJP protest crackdown, targets Amit Shah
Fri, Aug 21 2026
CJP school tour turns chaotic in Jaipur: Cars vandalised, stones pelted as Ashutosh Ranka alleges BJP ‘goons’ attack
Fri, Aug 21 2026
Trump’s ‘Economic D-Day’ against Iran: What it means for India
Fri, Aug 21 2026