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Swiss bank money led to stocks boom: Modi

March 30, 2009

Gujarat Chief Minister Narendra Modi on Monday said that the permission granted to Swiss banks to invest in the Indian stock exchanges should be withdrawn to check black money.

According to Modi, the permission to Swiss banks to invest in the Indian market was responsible for the boom in the stock market two years ago.

Text: PTI

Image: A Swiss flag is pictured on top of the Dresdner Private Banking building in Geneva. | Photograph: Denis Balibouse/Reuters

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