Vilander Posted June 29, 2021 Posted June 29, 2021 And over 13 year period if every fund has not grown even at rate of inflation in Swizz Frank then what is the point of Swiss Bank even. So yeah they will grow. What is the point of this thread, I mean I dislike Modi too.
speedheat Posted June 29, 2021 Author Posted June 29, 2021 (edited) 2 hours ago, Vilander said: Why would fund being held in Indian branches as non customer accounts be black money, I am just wondering how is that even possible. The deposit by Indians have risen to 286 percent compared to 2019 and now even government is seeking details. People can have accounts in Swiss banks and park their legitimate money. They can also put money earned through crime, bribe or in which tax has not been paid. Does indian authorities know about it? Of course some accounts will be holding legitimate money. Edited June 29, 2021 by speedheat
Vilander Posted June 30, 2021 Posted June 30, 2021 11 hours ago, speedheat said: The deposit by Indians have risen to 286 percent compared to 2019 and now even government is seeking details. People can have accounts in Swiss banks and park their legitimate money. They can also put money earned through crime, bribe or in which tax has not been paid. Does indian authorities know about it? Of course some accounts will be holding legitimate money. No but non retail means they are institutional right how can that be unregulated I would be alarmed if they are.
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