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Switzerland discloses seven Indian names

Priti Patnaik (The Wire)

More names of Indian tax evaders are likely to surface from Switzerland in the future.

There are several reasons for this, including how the Swiss government could potentially treat stolen information on accountholders in the future, and an impending review by the OECD that will take stock of how Switzerland is faring in treating requests for administrative assistance.

Switzerland has published seven names of Indian account holders in its Federal Gazette so far.

The names are part of a wider global list of names. These revelations have created a stir, raising questions about the intent of publishing these names.

The Wire spoke to officials in the Swiss government and banking sector to put these revelations in context.

Standard Procedure

The Swiss government says that publishing names in its gazette is a standard procedure that takes place when there is no contact address in Switzerland for foreign residents who are affected by an administrative assistance request.

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The above article, which appeared in ‘The Wire,’ (thewire.in) June 16, 2015, has been reproduced here with the permission Siddharth Varadarajan, one of its Founding Editors. Established in India on May 10, 2015, as an editorially and financially independent entity, ‘The Wire’ committed to promoting the values of democracy and journalism.

Photo :

Head Quarters of Credit Suisse in Zurich, Switzerland

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