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BW's Swiss Bank connection exposed:15 odd celebs

TheMummy_LeAbba IF-Rockerz

Joined: 18 March 2010
Posts: 9680

Posted: 15 December 2011 at 7:24am | IP Logged

Mumbai: Forget the  politicians among black money holders. The magic wand of black money is indeed going places leaving no one untouched. And the latest being the celebrities from Bollywood who have their secret money placed in the Swiss bank accouts.

Highly placed sources in the Income Tax department (I-T) claim that out of 100 Mumbaikars, 10 odd Bollywood biggies and five odd celebrities down south are having Swiss Bank accounts, which are being scrutinised.

"Among the secret account holders are a couple of 'A' list stars who are on the verge of retirement, a few of whom have turned producers too. Apart from them, there are celebrities, who apparently have faded and are primarily doing television now. This trend is also seen common down south," said I-T sources.

Asked why none from the present generation is amongst the secret account holders, they said: "in the past, the trend has been such of investing black money in secret accounts. Gradually, it has changed into buying properties abroad or investing into business worldwide and earn profits. This seems to be an easy way of converting illicit wealth into white money and paying the deserving taxes for it."

To a question on why the names were kept secret, am I-T official said, "Under the policy, we cannot disclose the identity. Since the probe is on, revealing names would alert the account holders, who may smartly opt to  close their accounts and escape investigations".

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Kai. IF-Sizzlerz

Joined: 25 February 2007
Posts: 12128

Posted: 15 December 2011 at 8:06am | IP Logged
Thumbs Downdisappointing was expecting some names!!
LimitLessFan IF-Stunnerz

Joined: 21 December 2008
Posts: 41802

Posted: 15 December 2011 at 9:49am | IP Logged
as far as my sis told me , Swiss Bank promised to leak Names of High profile ppl who hold solid account  ... 

Is this true  ? 
_Sano_ IF-Stunnerz

Joined: 07 December 2005
Posts: 33507

Posted: 15 December 2011 at 4:53pm | IP Logged
damn it i thought it will tell us some names..

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