Swiss government names Lalit Modi, wife among those facing tax probe


These days, Switzerland named Lalit Modi and his spouse Minal amongst those about whom statistics and help were sought from its tax department by the Indian authorities.

In two separate gazette notifications issued nowadays on ‘assistance’ subjects, the Swiss Federal Tax management (FTA) also gave Modi and his wife 10 days for exercising of the right to be heard.”

government Without divulging further details, the FTA notifications right here asked them to tell approximately a designated authorized man or woman in Switzerland within 10 days to acquire notifications. One notification has been issued for “Lalit Kumar Modi, Indian countrywide,” even though the alternative is for “Minal Modi alias Minalini Modi”. Electronic mail and SMS queries to the former IPL Commissioner about the notifications elicited no reaction.


In the past, several different Indian nationals have been named in such notifications after the Swiss FTA becomes approached by way of the Indian government for statistics approximately those people regarding the pending tax-associated probes in opposition to them.

The ultra-modern notifications come days before high Minister Narendra Modi’s visit to Switzerland on a reliable visit. Discussions are predicated on further strengthening ties among the 2 nations in the fight towards black cash suspected to be stashed via Indians in Swiss banks.

Those covered numerous Indians inside the leaked ‘HSBC listing’ of human beings with bills in the Geneva branch of the worldwide banking massive.

The former IPL Commissioner, who has left India for London in 2010, is dealing with a cash laundering probe. The ED has requested the External Affairs Ministry to look for his extradition from the UK. He has denied any wrongdoing.

The ED desires Modi to join the investigation regarding T-20 cricket Indian top-rated League (IPL) after an FIR becomes registered in opposition to him and others below the provisions of the Prevention of Money Laundering Act (PMLA). For lengthy, Switzerland used to be acknowledged for strict secrecy clauses about foreigners having accounts in Swiss banks. Beneath developing worldwide pressure, Switzerland has begun sharing statistics in cases where other countries could gift some proof of suspected illegalities.

Beneath Swiss regulation, a prescribed method is accompanied for any management assistance or data alternate through the FTA with India or any other united states of America. The Alpine state has tax treaties about their respective nationals.

Different notifications issued these days through the FTA were for Dubai-primarily based Evershine industrial agents, a Belize-based totally corporation, and a Swedish countrywide named Hans Peter Lundgren.

Amongst other provisions, this manner additionally seeks to shield “the proper to be heard” of the person approximately whom facts is sought by using a foreign united state of America.

“If the character concerned has now not targeted a person permitted to obtain the notifications, the FTA shall inform this man or woman about the pending administrative assistance process through the requesting authority.

“simultaneously, the FTA shall set a time frame for the individual involved to designate someone permitted to get hold of notifications. The FTA may additionally inform the involved man or woman at once provided that the inquiring for authority expressly concur to this procedure in that case,” the rules say.

If the person involved is discovered to be entitled to attraction, they may additionally participate in the process and investigate the files. The facts can be shared with the foreign authorities after the enchantment is rejected.