Banking in Switzerland - Allegations of Black Money

Allegations of Black Money

Swiss Banks are alleged to stash black money i.e. as that part of a nation's income or that a person or organization acquires illegally and concealed, by reporters and journals, and reportedly there are more Indian deposits in the Swiss banks than any other nationality. Editor-in-chief for WikiLeaks, Julian Assange, noted that, as per documents of bank accounts by a former banker and whistleblower Rudolf Elmer, the "names in the documents came from "US, Britain, Germany, Austria and Asia' – from all over".

Read more about this topic:  Banking In Switzerland

Famous quotes containing the words black and/or money:

    The black dog gets the food; the white dog gets the blame.
    Chinese proverb.

    ... we shall never become an immense power in the world until we concentrate all our money and editorial forces upon one great national daily newspaper, so we can sauce back our opponents every day in the year; once a month or once a week is not enough.
    Susan B. Anthony (1820–1906)