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Swiss black money probe: Preneet Kaur under investigation


New Delhi: The Indian Government pursued Switzerland to continue their probe into Swiss accounts of several citizens and special attention is asked for the investigations of alleged accounts of former Congress leader Preneet Kaur and her son Raninder Singh.

According to Swiss norms for help in tax matters, involving sharing of account and other details, the Federal Tax Administration (FTA) of Switzerland informed Kaur and Singh to put a plea within ten days for their right to be exercised.

The Swiss tax department has disclosed this information in two distinct notices issued today in the government-owned federal gazette.

The notice did not release any information about the two, apart from their nationality and dates of birth. No comments have been yet given by Kaur and her son.

Earlier this year in a leaked list of Indians with HSBC Geneva bank accounts, Kaur was mentioned, although she had repudiated having any such account on her name with any foreign bank. She had also mentioned that she had recorded a statement earlier with the tax authorities.

The BJP-led NDA government had then said that even the highest and the mightiest with black money overseas would not be saved.

As part of a bilateral accord for administrative help and inflow of evidence from Switzerland, India has asked for facts about various persons and firms from the country.

This initiative is taken to crackdown on alleged black money stockpiled in Swiss banks.

Over a dozen Indian names with implicit accounts in the bank have already been disclosed. Several applications are unresolved with the Swiss authorities. The announcement regarding the affected entity’s right to appeal is mostly the first step in the data interchange procedure.

These steps are being looked as helpful initiatives by Swiss government in-principle and supportive of them sharing the evidence of illicit bank accounts.

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Demonetisation Anniversary: BJP acts cheeky, releases new video showing Frustration of ‘Corrupt’ Politicians following Demonetisation

The one-minute video, which is now going viral on social media, has already been re-tweeted more than 2 thousand times since it was released on November 7, on the eve of demonetization move.

Demonetisation Anniversary
Screen grab of the sarcastic video released by BJP to mark Demonetisation Anniversary. Twitter

New Delhi, November 8, 2017 : On November 8 2016, every Indian citizen sat glued to their TV screens as Narendra Modi was set to make a big announcement. Outcome? The Indian Prime Minster shocked the entire nation with the introduction of Demonetisation, a move that was to change the very foundation of the cash-dependent Indian economy.

The much-debated move by Modi garnered the attention of several well-versed economists from the country and abroad, alike. While some people willingly welcomed the move, there were others who stood in staunch criticism.

As the move completes its first year, the Bharatiya Janata Party (BJP) is set to observe November 8 as ‘anti-black money day’ to celebrate Demonetisation anniversary in the country.

On the eve of the Demonetisation anniversary, the BJP released a cheeky video claiming to depict how ‘corrupt’ politicians have been criticizing the move, as the nation won following demonetisation.


In the video, the BJP attempted to take a dig at corrupt politicians, who have been criticizing PM Modi’s Demonetisation move.

In the video, a woman, playing the character of a frustrated, corrupt politician can be seen going on a rant over PM Modi’s note ban initiative, which was aimed to combat black money, corruption, fake currency and terrorism.

The video ends with a voice-over saying demonetisation has not only brought out this frustration of corrupt citizens, but also black-money, claiming that almost 99 per cent cash which was previously lying hidden with people has now entered the banking system.

The one-minute video, which is now going viral on social media, has already been re-tweeted more than 2 thousand times since it was released on November 7, on the eve of demonetization move.

Ahead of the Demonetisation anniversary, the last few days have witnessed several leaders present their opinions on PM Modi’s demonetization move.

Finance Minister Arun Jaitley called PM Modi’s note ban initiative a ‘watershed moment’ while Piyush Goyal, Minister of Railways believes the move has pushed India towards a more transparent economy.

However, the move is being criticized by ex-Prime Minister Manmohan Singh calling it ‘irresponsible’. The opposition maintains that PM Modi’s note ban initiative has caused reckless damage to the country and the Indian economy.

On Demonetisation anniversary, the BJP is set to observe November 8 as ‘anti-black money day’, while opposition leaders are set to observe the day as ‘black day’ in protest against the note ban initiative.

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