Indian Finance Ministry has made a fresh request to Swiss government to provide bank details and names of Indians having unaccounted money in its banks.
"The ministry of finance has officially not received any communication as yet," Bloomberg quoted country’s finance minister Arun Jaitley as saying.
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"We are today writing ourselves to the Swiss authorities with whom the ministry has been in touch so that details with regard to whatever information the authorities have can be expedited," he added.
Despite repeated requests from India, Switzerland has maintained that its local laws prohibit administrative assistance in matters where information has been sourced illegally, including through stolen lists.
Soon after assuming the office in the last week of May, the newly elected Indian government constituted a Special Investigative Team (SIT) under two retired Supreme Court judges to probe black money stashed abroad.
SIT vice-chairman Justice Arijit Pasayat told Times of India, "Swiss authorities are preparing the list and will hand it over to the government which will then forward it to us for scrutiny. We have discussed the matter with other members of the SIT.
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By GlobalData"Our job will be made easier if it comes out to be what it looks like and we will take suitable action. This is a breakthrough development in the fight against black money. Till now, the impression was that Switzerland is creating hurdles in this battle. A very encouraging sign," Pasayat added.
A spokesperson for Switzerland’s Secretariat for International Financial Matters (SIF) later said that Swiss authorities were in touch with Indian and "Switzerland looks forward to working together with the new government of the Republic of India in its fight against tax evasion."
