Switzerland initiated process to share info; 11 Indians get notices in a day
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Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks. So, there has been a surge in the no of cases where it has initiated the process to share info with Swiss bank accounts & sent notices to 11 Indians in a day. Since March, at least 25 notices are issued by Swiss authorities to Indian clients, who have been asked to file their appeals within 30 days.