Sunday, August 23, 2009

Swiss bank has shown thumbs down

India’s one of the most important attempts to bring the black money which is stuck in Swiss bank has ended up in vain. This is because Swiss bank has refused to give the details of Indians who are having secret account in Swiss bank. This is because according to bank’s policy, they should not reveal the details of any of their customers. It seems that even Swiss government cannot ask the details of Swiss bank’s clients. Only in case of any criminal or civil cases going on in that particular person, then Swiss bank will be ready to share the details of their customer. This has given Indian government a major block in reaching the black money.

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