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This is an archive article published on June 19, 2015

Indian money in Swiss banks falls by over 10% to Rs 12,615 cr

The money held in Swiss banks by their foreign clients from across the world rose during 2014 to $1.6 trillion.

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black money, parliament $1.98 bn: The fall in funds held by Indians with Swiss banks in 2014.

Money held by Indians in Swiss banks fell to 1,815 million swiss franc (about Rs 12,615 crore), amid an enhanced clampdown against the secrecy wall of Switzerland’s banking system by Indian and other governments.

Also Read: Find news coverage on Swiss Leaks, photos related to Swiss Leaks and more

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