Monday 11 August 2014

Sharp rise in gold imports from Switzerland alarms intel sleuths

Colossal shipments of gold leaving Switzerland for India in recent months have alerted top Central agencies, such as Intelligence Bureau and Customs, on the possibility of the Indian black money stashed in Swiss banks being routed back to the country in the form of gold through hawala operators active in Dubai. Swiss authorities peg gold import by India at 1.63 billion Franc (Rs11,000 crore) in the month of June.
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