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".

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