Names of two more Indians, including Yash Birla, with Swiss bank accounts made public
news Wednesday, May 27, 2015 - 05:30
The names of two more Indians with Swiss bank accounts have been disclosed by Switzerland in its official gazette as they are being probed in their respective countries for alleged tax evasion. Industrialist Yash Birla and a Delhi based business woman Ritika Sharma have been named in the Swiss document. According to reports, the Yash Birla group on Tuesday said Birla has "no individual bank account in his name or under his control". "Mr Yash Birla has no individual bank account in his name or under his control. This has been explicitly confirmed earlier by the Swiss bank in writing and the same has already been communicated to the Indian tax authorities," The Times of India quotes an official statement from the Yash Birla Group. Earlier, the names of five other Indians, including two women, were made public by the Swiss government. They are Gurjit Singh Kochar, Syed Mohamed Masood, Sneh Lata Sawhney, Chaud Kauser Mohamed Masood and Sangita Sawhney. Making public these names, the Swiss federal tax administration (FTA) has asked the five people to file an appeal within 30 days before the federal administrative court if they do not want their details to be shared with the Indian authorities under their "mutual assistance" treaty on tax matters according to a report in The New Indian Express.