Question : BLACK MONEY IN SWISS BANKS



(a) whether the Swiss National Bank(SNB) has disclosed the quantum of money held by Indians in Swiss Banks at the end of 2011; and

(b) if so, the details thereof and the details of such money deposited in Swiss Banks since January, 2012 alongwith the reaction of the Indian Government thereto?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) Yes, Madam.

(b) As per the information released by the Swiss National Bank, the liability of Swiss banks towards Indians as on 31S! December, 2011 was CHF 2.183 billion. No information is available regarding money deposited by Indians in Swiss Banks since January, 2012.