Switzerland made public the names of two Indian women, who own an account in the Swiss Bank of Switzerland. The Switzerland had made public, a few names with the list of Foreign nationals with accounts in the Swiss Bank, in its official Gazette notification.
The Swiss federal tax administration (FTA), asked the two Women from India to appeal before the Federal Administrative court with in a time frame of 30 days to avoid their details to be shared with the Indian government. However, no additional details other than the date of births of the two Indians, Sneh Lata Sawhney and Sangita Sawhney had been made public. The Bank followed similar procedure in the case of American Citizens. There it only revealed the first name initial of the individuals.
Stashing of the wealth in Swiss Banks is a matter of high debate in India, since the recent past. Not only India but also other countries like USA are striving hard to bring back the black money located in foreign banks to improve their economy, The Times of India reports.
India has been demanding the Swiss Bank for a long time of the suspected tax evaders. The Bank gradually agreed to disclose a few names only after the evidence of suspected tax evaders in India are provided . In this process quite a few names are being released by the Bank now and then. To take this process at a fast pace, the Supreme Court of India had also constituted a SIT(special Investigation Team) in this regard.