Make requests that are ‘justified':Swiss banks to India

Posted on Jul 6 2014 - 9:20pm by IBC News

New Delhi/Zurich, Jul 6 As India steps up pressure on Swiss authorities in its pursuit of alleged black money, banks in Switzerland say they follow strict rules and the requests from Indian authorities must be “properly justified”.

The Association of Foreign Banks in Switzerland, an over four-decade old grouping, is also of the view that a clear and transparent policy can help in dispelling “apprehensions” and the “conjectures” should not be allowed to dominate the public opinion

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