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No official estimate of black money stashed in Swiss bank in last decade: Centre

The Minister of Finance was responding to a question by Congress MP Vincent Pala

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Photo used for representational purpose. Pic/iStock

Photo used for representational purpose. Pic/iStock

The government has no official estimate of black money stashed in the Swiss Bank over the last 10 years, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply on Monday.

Over 107 prosecution complaints have been filed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in the last five years, he said.

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