Over 1500 Indians have secret Swiss bank accounts

According to a listing published by a leading English daily there are some 1195 Indians, including politicians, businessmen and NRIs with Swiss bank balances adding up to Rs.25,420 crore. Politicians on the list include former UPA Minister Preneet Kaur ex-Congress MP Annu Tandon, family members of late Congress Minister Vasant Sathe, the wife and family of Narayan Rane ex-Sena, now in Congress, and Smita Thackeray the daughter-in-law of Bal Thackeray. Business persons on the list include the Ambani brothers, a branch of the Birlas, the Burmans of Dabur, the Chhabrias of Shaw Wallace, the Dalmias, Naresh Goyal of Jet Airways, Shravan Gupta of Emaar MGF, and the Nandas of Escorts. Most have either denied having secret accounts or said that their account balances were legal. Finance Minister Arun Jaitley reacted and said the Government will use the assistance of a whistle blower to get all the names of Indians with HSBC accounts in Switzerland and elsewhere. The Special Investigation Team discussed the fresh list and said there could be 100 new names on the list that they will identify and scrutinise. Details of over 100,000 account holders around the world, including over 1000 from India were revealed through a joint investigation by the International Consortium of Investigative Journalists. Earlier India received from France a list of over 628 Indians with accounts in HSBC's Geneva branch.