Massive amounts of India's dirty money hding in Swiss banks?

The claim of “billions of dollars of dirty money hidden in Swiss banks” is a recurring theme in Indian politics.

And it’s an issue that is likely to be raised when Economics Minister Johann Schneider-Ammann visits New Delhi this Wednesday to Saturday.


Having served as the backdrop to several Bollywood films, Switzerland has become the most popular travel destination of Indians.

But Indian tourists are also increasingly suspected of coming to Switzerland to hide billions of rupees in Swiss banks.

Last week the Swiss ambassador to India, Philippe Welti, faced heated questions about the issue from journalists while attending what was expected to be a low-key ceremony to nominate a new honorary consul in Calcutta. More...

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