Berlin/Nagpur: Industrialist Yash Birla, along with two Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts whose names have been made public in Switzerland’s official gazette with regard to ongoing tax probes against them in India.
The others are Gurjit Singh Kochar, son-in-law of late realty baron Ponty Chadha, and a Delhi-based businesswoman Ritika Sharma.
The names of these five “Indian nationals” have been made public in Switzerland’s Federal Gazette with regard to details sought about them by the Indian authorities.
Among these, some details have already been shared by the Swiss Federal Tax Administration (FTA) with India including about Birla and Sharma of Blessings Apparel.
These are in addition to the two other Indians – Sneh Lata Sawhney and Sangita Sawhney – whose names have also been made public in similar manner for being probed by the Indian tax authorities.
In the case of Sayed Mohamed Masood, being probed for a major ponzi scheme run from Mumbai through City Limousines, some details were shared by the Swiss authorities in the past. His accounts were also frozen a few years ago following a request from the Enforcement Directorate.
Fresh details about him and about Chaud Kauser Mohamed Masood have been sought by the Indian authorities, as per the notifications published in Switzerland’s official gazette.
Making public these names, the Swiss Federal Tax Administration (FTA) has asked them to file an appeal within 30 days before the Federal Administrative Court if they do not want their details to be shared with the Indian authorities under their ‘mutual assistance’ treaty on tax matters.
In the case of Birla and Ritika Sharma, whose details have been already shared by the Swiss authorities, the notifications also mention their addresses in India, but the information given to India has been withheld from the gazette.
No further details – other than their names and dates of birth – were made public for other “Indian nationals”.