Black money: Swiss government agrees to share details of two firms
One of the two companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator Sebi for multiple violations, while the other firm is said to have political links in Tamil Nadu.
While the Swiss government did not disclose specific details related to the information and assistance sought by the authorities regarding the two companies and the three individuals, such an 'administrative assistance' follows submission of proof about financial and tax-related wrongdoings and typically involves sharing of information relating to bank account details and other financial data.
Published Date: Dec 3rd, 2018 08:58 AM | Updated Date: Dec 03, 2018 08:58 AM IST
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