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Home Minister Palaniappan Chidambaram. | Photograph: Rajesh Kumar Sen/Reuters
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Swiss bank money led to stocks boom: Modi

March 30, 2009

The government, meanwhile, hit back at BJP leader L K Advani who claimed of receiving an 'evasive' reply to his demand on bringing back money stashed in foreign banks, saying the saffron leader's charge was 'farther from truth'.

In a signed statement, Union Home Minister P Chidambaram said he himself had written to Advani in his capacity as finance minister in 2008 informing him about the steps taken by the government on the matter.

"Nothing can be farther from the truth. When the government noticed a news report datelined Berlin/Frankfurt on February 26, 2008, the ministry of finance wrote to Federal Central Tax Office in Germany on February 29, 2008 seeking information relating to Indian taxpayers who may have accounts with Lichenstein's LGT bank.

"Since then, the matter has been pursued diligently by the ministry of finance," the statement said, adding "my reply (to Advani) was direct, clear and unambiguous. As anyone can see, there was nothing 'evasive' about my reply."

Image: Home Minister Palaniappan Chidambaram. | Photograph: Rajesh Kumar Sen/Reuters

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