Preneet Kaur is the wife of former Punjab Chief Minister Amarinder Singh.
After India’s request for details on the duo, the Swiss tax department has asked Kaur, and Singh, to file an appeal, in 10 days, for ‘right to be heard’.
The Swiss authorities made these disclosures in two notifications in the official gazette on 24 November. The notifications did not disclose further details. She has not made any comment so far.
A former UPA minister, Kaur might face trouble after scrutiny by authorities into tax troubles faced by her, and her family members. The officials are also investigating the link between her HSBC, Geneva account and trusts, companies, and properties, allegedly owned by these entities in London, and Dubai.
It may be noted that Kaur, allegedly, is among 1,195 Indians with bank accounts in HSBC Geneva. She denied from holding any account in any foreign bank, when she was named in a leaked HSBC list. Though her statement was recorded by the tax authorities, she wasn’t shown any document, she said.
As part of a bilateral treaty, India has asked Switzerland for details about certain individuals, and companies, as a series of suppressive measures on suspected black money or stashed funds, in Swiss banks.
The names of several Indians have been disclosed in the gazette in recent months, following global pressure on Switzerland to crack down on its famed banking secrecy practices, amid suspicion that illicit wealth has been parked in these accounts.
Furthermore, the ruling Bharatiya Janata Party (BJP) had guaranteed to bring back crores of black money stashed in foreign banks as one its main poll promises last year.
More than 12 names of Indian account holders have been disclosed so far. Many other requests are pending with the Swiss authorities who conduct their own due diligence before sharing the information.