From News Track Live

Washington: The Modi government has tightened and tightened the people holding black money. Recently, the Swiss government has issued notices to about 3,500 bank account holders under a joint campaign of the Government of India. These include the names of Indian trusts and other account holders. These account holders have hidden black money in Swiss banks through countries that are helpful in hiding black money.

According to the information given by Swiss banks, many Indians and leaders have put their black money in various jewelry, financial services, and real estate services. But to show the money clearly, people have made inanimate use of trusts. Keeping in mind the banking activities, the Swiss bank has sent a notice to the trusts which are more suspicious. The Cayman Islands trusts named in these notices include The P Devi Children’s Trust, The P Devi Trust, The Dinod Trust, and The Agarwal Family Trust. Notices have also been issued to other companies, including Cayman Islands-based Devi Limited and India-based Adhi Enterprises Private Limited.

The Swiss government has sent notices to around 3,500 Indian account holders on suspicion of black money. Modi government has been very serious about black money since the beginning. This is the reason that for the past several years, the Government of India has been telling the Swiss Government to make the names of Indians possessing black money public through various means.

For more on this story go to: https://english.newstracklive.com/news/swiss-bank-issued-notice-to-3500-account-holders-including-indian-trusts-mc24-nu-1060360-1.html