Washington, Feb 3: The US has indicted the oldest bank of Switzerland on charges of conspiracy to hide over $1.2 billion the first time ever that a foreign bank has been charged here for facilitating tax fraud by American taxpayers.
The US move comes at a time when a country like India is struggling to how to address the issue of billions of black money stashed in various Swiss banks. The Justice Department yesterday announced that it has also seized more than $16 million from Wegelin
PTI
The US move comes at a time when a country like India is struggling to how to address the issue of billions of black money stashed in various Swiss banks. The Justice Department yesterday announced that it has also seized more than $16 million from Wegelin
PTI
