HSBC involved in Indian tax evasion investigation
The Indian government is reportedly seeking assistance from the government of Switzerland in its tax evasion investigation into the Swiss bank accounts of Indian Congress leader Preneet Kaur and her son, Raninder Singh. The authorities are probing the details of the bank accounts maintained by Kaur and members of her family, while also looking into any links between her HSBC Geneva account and trusts and companies. The family is also thought to own property in London and Dubai through these entities. 

Zee Media Bureau

New Delhi: The government has sought assistance from Switzerland in probe of Swiss bank accounts of Congress leader Preneet Kaur and her son Raninder Singh.

On the other hans, Swiss tax department has said that Preneet Kaur and her son can file appeal within 10 days with regard to assistance sought from India.

Highlighting the Swiss Leaks investigation that found former UPA minister Preneet Kaur among the 1,195 Indians with HSBC Geneva bank accounts, the NDA governemnt had said earlier that even the high and the mighty with black money abroad would not be spared.

The Central Board of Direct Taxes had approached Swiss authorities for details of bank accounts maintained by Kaur and members of her family. They are also probing the link between her HSBC Geneva account and trusts and companies - as well as with properties allegedly owned by these entities in London and Dubai.