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MAG, in its meeting, discussed the information reported by the International Consortium of International Journalists (ICIJ) on October 3, 2021, where it was claimed to be a 2.94 terabyte (TB) data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and territories.
The information was shared as part of a yearly process in which Switzerland shared the information of roughly 33 lakh financial accounts with 96 countries.
The Federal Tax Administration (FTA) said that the exchange of information this year involved 10 more countries.
India gets third set of Swiss bank details under automatic info exchange framework
The Indian government has received the third set of Swiss bank account information from Switzerland. This was done, as part of an annual exercise, under which the European nation shared details of nearly 33 lakh financial accounts with 96 nations. On the condition of anonymity, officials revealed that the details relate mostly to businessmen, including NRI's now settled in several South-East Asian countries as well as in the US, the UK and even some African and South American countries.