While there are no specific data for money that could be of Indians, this includes outflows to the tune of 100 billion Swiss francs that are related to fine payments in the context of declaration of untaxed money, as per a new study by PwC.
Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
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As per the survey conducted by Swiss Bankers Association, protection of financial privacy remains important for people in the country with 86 per cent of respondents believing that the financial details of bank clients must be protected from third parties.
In his mixed doubles, Rohan Bopanna and Indonesian Aldila Sutjiad beat German pair Andreas Mies and Vera Zvonareva 7-5, 6-2 in US Open first round match on Thursday.
Claiming that about Rs 21 lakh crore (Rs 21 trillion) had been deposited in Swiss banks, the BJP said instead of trying to suppress fact, the government should publicise the names particularly after WikiLeaks report on the matter.
Swiss authorities cannot open graft cases against Pakistan President Asif Ali Zardari under an order from the supreme court, Law Minister Farooq Naek has said.
He was referring to the issue of Indians allegedly stashing unaccounted money in Swiss banks.
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A 12-bore gun was seized from the six accused, arrested in the Swiss woman's gang rape case, police said on Monday. The accused would be produced in the court later in the day.
India's ace shuttler Saina Nehwal stormed into the quarterfinals of the Swiss Open Grand Prix Gold badminton tournament with a straight game win over of Petya Nedelcheva of Bulgaria in Basel.
FIFA has completed a 22-month internal inquiry into allegations of high-level corruption and criminal misconduct that buffeted world football and handed its report to Swiss authorities, soccer's ruling body said on Friday.
Indians' money in Swiss banks has fallen to a record low level of about Rs 9,000 crore.
The world No. 1 made it three out of three wins on Sunday to give the Swiss a decisive 3-1 lead over Serbia.
Grandmaster Vidit Gujrathi on Tuesday said "everything came together" for him at the Grand Swiss event on his way to the Candidates.
Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC.
Some other tax authorities are looking at the allegations.
Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.
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The Swiss Federal Office of Justice (FOJ) said it had blocked accounts at several banks in Switzerland after police arrested some of the most powerful figures in global soccer on Wednesday in US and Swiss corruption cases.
Satwik and Chirag have looked in ominous form, winning the Asian Games gold in Hangzhou, a Super 1000 crown in Indonesia, the Korea Open Super 500 and the Swiss Open super 300 last year before grabbing a a career-best ranking of World No.1, albeit for a brief time.
Novak Djokovic produced a superhuman effort to subdue Argentine Francisco Cerundolo.
Indian badminton stars Satwiksairaj Rankireddy and Chirag Shetty were on Tuesday nominated for the Player Year of the Award by the Badminton World Federation (BWF).
Amid claims from various quarters that Indians have stashed away thousands of crores in secret bank accounts in Switzerland, the Swiss banks have asserted that any statistics about black money "simply do not exist."
Swiss banks seek fresh undertakings from Indians.
Modi promised in his 2014 election campaign to recover billions of dollars sent to tax havens abroad to avoid income tax, now about 30 per cent in India
The Reserve Bank of India has sought views of the Union ministry of finance in giving permission for a 'Credit Suisse' Swiss Bank to open its first Indian branch in Mumbai.
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The Swiss Attorney General's Office (OAG) opened criminal proceedings against Beckenbauer and three other former high-ranking German soccer officials last September. The proceedings related to allegations of fraud, criminal mismanagement, money laundering and misappropriation.
India's D Gukesh bounced back with a finely crafted game to outwit compatriot Vidit Gujrathi and regain his joint lead with Ian Nepomniachtchi of Russia after the eighth round in the Candidates chess tournament in Toronto on Friday.
Ace Indian shuttler Saina Nehwal crashed out of the Swiss Open Grand Prix Gold Badminton tournament in Basel.
Switzerland, long known as a place with unbreakable banking secrecy, has come under intense global pressure, including from India, to crack down on illicit fund flows.
The Swiss government has officially informed Pakistan that it cannot revive cases of alleged money laundering against President Asif Ali Zardari as the matter is time-barred, Law Minister Zahid Hamid has said.
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In this regard, AIG has entered into an agreement with Aabar Investments PJSC to sell its subsidiary, the insurance firm said in a statement on on Monday. According to UK daily The Telegraph, the Swiss subsidiary would be sold for about $254 million.
H S Prannoy clinched his second Grand Prix Gold badminton tournament title by notching up a straight game victory over Marc Zwiebler of Germany in the summit clash of the Swiss Open.
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