Rahul Gandhi slams Narendra Modi over rise of Indian money in Swiss bank

Rahul Gandhi slams Narendra Modi over rise of Indian money in Swiss bank

New Delhi: Congress president Rahul Gandhi on Friday attacked Prime Minister Narendra Modi over reports of 50 percent rise in Indians stashing money in Swiss banks.

Gandhi also slammed Modi over the issue of black money and note ban. Gandhi said Modi failed to bring back black money from Swiss banks.

“2014, HE said: I will bring back all the “BLACK” money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. 2016, HE said: Demonetisation will cure India of “BLACK” money. 2018, HE says: 50% jump in Swiss Bank deposits by Indians, is “WHITE” money. No “BLACK” in Swiss Banks! ” Gandhi tweeted.

Even as the Narendra Modi government claimed to have made a clampdown on black money, an official annual data released by the Swiss National Bank revealed that money stashed by Indian in Swiss Bank rose to 50 percent to CHF 1.01 billion (Rs 7,000 crore) in 2017.

The Indian money deposited in Swiss banks had fallen by 45 percent in 2016 but in 2017, the total funds held by Indians with Swiss banks rose to 999 million Swiss franc (Rs 6,891 crore).

According to the data, the Indian money in Swiss banks included CHF 464 million (Rs 3,200 crore) in the form of customer deposits, CHF 152 million (Rs 1,050 crore) through other banks and CHF 383 million (Rs 2,640 crore) as ‘other liabilities’ such as securities at the end of 2017.

This comes even as the Centre constituted a Special Investigation Team (SIT) to probe cases of alleged black money of Indians stashed abroad.

–India Blooms News Service

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