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50% ratio of increase in money
+ held by Indians in Swiss banks, Union Minister Arun Jaitley on Friday criticized those who use this information to question the government's anti-black money measures.
"An article was published today indicating an increase in the" Indian "money in the Swiss banking system, which caused an uninformed reaction in some circles raising the question of whether the government's anti-black money measures had worked, and Jaitley wrote in his latest Facebook post.
He added: "Assume that all deposits are in themselves money avoided or that Switzerland with regard to illegal deposits is what it was decades ago, that is start on a fragile presumption. "
He also warned that Indians with illegal deposits in Swiss banks would face stiff criminal proceedings under the Black Currency Act after Switzerland began sharing real-time account details in from January 2019.
According to Jaitley, "the investigations conducted by the CBDT showed that many people detained by people of Indian origin now held a foreign pbadport, funds belonging to non-resident Indians. as well as funds owned by resident Indians who have made legitimate investments abroad, including the transfer of money as part of the liberalized transfer programs.
"The first two categories fall within the competence of the countries where these persons are resident and the third category can easily be controlled in India. If the deposit does not belong to any of these categories, it is in itself illegal to what investigations are being carried out, arrests are being made and criminal proceedings are under way, "he said.
Earlier today, Finance Minister Piyush Goyal
expressed similar opinions
+ and asked how all deposits can be supposed to be black money
"The data you talked about will come to us, so how do you expect it to be black money or illegal transaction?" Goyal said. He added that energetic measures would be taken against those found guilty of wrongdoing.
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