Zee Media Bureau
New Delhi: Finance minister Arun Jaitley on Friday said that Switzerland has agreed to share details on account holders in timely manner.
"A breakthrough has now been achieved," the finance minister told reporters in the national capital today.
India has sought details of some HSBC account holders. Switzerland ready to confirm genuineness of bank details sentiments, Jaitley said.
Asserting that the government was making all efforts to get details of such accounts, Jaitley said that the time frame for tax information is being negotiated.
However Germany has taken objection to certain names coming in public, Jaitley said.
Indian and Swiss authorities have been in talks for quite some time on the matter of alleged black money parked by Indian citizens in banks in Switzerland.
As per Swiss National Bank's latest data, the total money held by Indians in Swiss banks stood at over Rs 14,000 crore as on December 2013, up by nearly 42 percent from a year ago.
