(a) whether information about Swiss accounts have come to light during raids on hawala traders; and
(b) if so, the details thereof and action taken thereon?
(a) whether information about Swiss accounts have come to light during raids on hawala traders; and
(b) if so, the details thereof and action taken thereon?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE
(SHRI S.S. PALANIMANICKAM)
a) Hawala traders are persons who are principally engaged in
transferring money otherwise than through authorized banking
channels. During search and seizure operations carried out
in the last six months in respect of such persons, no
information regarding Swiss Bank accounts has come to light.
b) Does not arise, in view of reply to part (a) above.