Negotiating with Switzerland for treaty to unearth black money stashed there, India will take up specific cases with Swiss banks, which today said there must be a concrete suspicion or proof of wrongdoing for them to help.
Highly placed sources said the government was in the process of compiling the details and was expected to approach the Swiss authorities with specific cases. Notwithstanding a revision in the double taxation avoidance agreement between India and Switzerland, the Swiss banks have made it clear that even under the new treaty, fishing expeditions would not be allowed.
