According to a reliable source, the names of 'Preneet Kaur' and a name similar to one of Narayan Rane's sons allegedly feature on the HSBC list of Indians with Swiss bank accounts, says Sheela Bhatt/Rediff.com
The film lacks execution and tires too hard to impress the audience.
UBS said on Wednesday it will pay $1.2 billion to the U.S. Department of Justice and the Commodity Futures Trading Commission, 160 million pounds ($260 million) to Britain's Financial Services Authority (FSA) and 59 million Swiss francs ($65 million) to Swiss regulator Finma.
According to RBI data, it had 57 employees in India at the end of March 2012.
Scores of activists of Arvind Kejriwal's India Against Corruption were on Saturday briefly detained by the police while staging a protest outside the family home of the Ambani brothers in Mumbai to demand a probe into alleged parking of black money by them in a Swiss bank.
The drastic cost-saving drive unveiled by the bank would trim its workforce by nearly 16 per cent from the current strength of 64,000 people.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
How many hours of work does it take to buy a half a litre of beer at a retail outlet?
The ED is investigating Lodha after it booked him on criminal charges for his alleged involvement in two high-profile black money cases of illegal conversion of old notes post demonetisation.
Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva, though he is entitled to have bank accounts outside India as he is a Non-Resident Indian.
Names of 100,000 a/c holders in HSBC's Swiss unit recently became public.
The Swiss Finance Ministry spokesperson recently confirmed that a meeting is expected in the coming weeks, but did not disclose any further details.
Noted advocate and Bharatiya Janata Party member Ram Jethmalani on Thursday created a flutter in the Rajya Sabha when he made certain remarks against persons having money stashed away in Swiss banks.
Staff submissions show clients may have disowned initially authorised transactions after losses.
Yashwant Sinha is currently on a three-day visit to Washington to hold meetings with the think-tank, members of the Indian Diaspora, Congressmen and officials of the Obama Administration.
B Raman chalks out three possible outcomes if the trial against Pakistan Prime Minister Yusuf Raza, on the charge of contempt of court, goes ahead as expected
Eminent Indian-American attorney Preet Bharara has made it to the cover of the prestigious Time magazine for his crusade against Wall Street corruption and irregularities, including insider trading. With the caption This man is busting Wall Street, Bharar's picture appeared in the latest edition of Time on Thursday, the day on which he announced to have taken action against one of the oldest Swiss banks for having evaded American taxes and helping in the flight of US money.
The expos of Swiss bank account holders has rekindled a controversy regarding the amount of illegal money stashed abroad by Indians.
To curb the black money problem, Jaitley said that India would be entering into bilateral pacts with Switzerland and other countries for automatic exchange of tax information.
High interest rates, minimal documentation and an unresponsive government are enough incentives for terror financiers and politicians to stash away their ill-gotten wealth to off-load their wealth to Mauritius. But does the world, especially India, realise the inherent dangers? Vicky Nanjappa reports
As per their law and Constitution, their international agreements are to be ratified by both houses of Parliament and local authorities.
Stepping up his attack on the ruling United Progressive Alliance coalition, Bharatiya Janata Party leader L K Advani said the "corrupt" government has brought "disgrace" to democracy.
Many requests are pending with the Swiss authorities.
The MoU deals with creation of a useful forum for exchange of views on financial and macro-economic issues. Official sources said the MoU will facilitate dialogue between the tax authorities of the two countries.
The worst could be over for the Indian economy, Swiss bank Credit Suisse said, after contending with many months of stubbornly high inflation and sluggish growth.
Industrialist Yash Birla, as also two Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts.
Bharatiya Janata Party Members of Parliament will submit on Friday declarations to the presiding officers of their respective Houses of Parliament, stating that they do not have any illegal money stashed in any foreign bank or tax haven abroad. BJP leader L K Advani had declared that all party MPs will submit declarations that they do not have any illegal funds in Swiss banks or tax havens. The issue was discussed at the BJP parliamentary party meeting on Thursday.
UBS Securities, broking arm of the largest Swiss bank, and Australia's Macquarie Equities Research are the most bearish.
The court also granted four-day custody of Khan to the Enforcement Directorate.
Kweku Adoboli, a 31-year-old trader at UBS based in London makes Nick Leeson, once-legendary rogue trader at Barings Securities look like an amateur.
The amendments to the treaty will now be placed before the Swiss Parliament for final approval.
The move comes close on the heels of rival Credit Suisse Group announcing about 2,000 job cuts last month.
The India government asked the Swiss government to expedite the ratification of the Double Taxation Avoidance Agreement (DTAA) signed between the two countries in August 2010, but the Swiss Parliament will take time to ratify the tax treaty.
There are some cities in the world where earnings are really high.
Stating that the focus of Parliament's winter session is bound to be on black money, senior Bharatiya Janata Party leader L K Advani on Saturday asked the government to reveal names of three members of Parliament who figure in the income tax probe list in connection with the Swiss bank accounts.
Switzerland's other major big bank, UBS, said in August it was trimming 3,500 jobs to save 2 billion francs annually.
In the eye of a storm over Supreme Court's observation on its retail banking licence in the country, Swiss banking major UBS on Tuesday said it is for the Indian government to defend the views and reasons for granting the same.
Jain did not want to financially burden the bank with his own, personal decision to quit
Bharatiya Janata Party patriarch Lal Krishna Advani's letter apologising Congress President Sonia Gandhi for naming her family in the party task force's report on illegal Swiss bank accounts has set tongues wagging in the political circles. So what did Sonia say to Advani that he made him regret his remarks? This is the text of the letter the Congress President wrote to Advani dated February 15.
Rejecting the contention of the Directorate that it has been exempted from making disclosures under the Right to Information Act, the Commission has held all such matters now investigated by the Enforcement Directorate come within the definition of allegations of corruption and, hence, should be disclosed.
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