India has independent evidence on black money in Swiss a/cs:FM

Union Finance Minister, Arun Jaitley at the World Economic Forum (WEF) meet  said India posseses independent evidence of Indians having black money in Swiss accounts and Switzerland has promised expeditious sharing of information in this regard.

After meeting his Swiss counterpart Eveline Widmer-Schlumpf on the sidelines of the WEF meet, Jaitley made the statement. 

He said both of them discussed about the parameters based on which Switzerland can provide details on unaccounted money parked in Swiss bank accounts once independent evidence is furnished.

In October last year, both countries had inked a joint statement of understanding with regard to cooperation on tax matters. However, Switzerland has a clear position that information based on stolen data would not be shared with another country but such requests would be looked into in case of independent evidence on the same being made available. 

Switzerland has promised it will take expeditious action on the cases.