Rs. 73 Crore Black Money disclosed by Satish Sawhney a Delhi businessman give details of keeping accounts in Switzerland, Singapore and the US

Rs. 73 Crore Black Money disclosed by Satish Sawhney a Delhi businessman give details of keeping accounts in Switzerland, Singapore and the US

Satish Sawhney is an energy sector consultant operating in the country and abroad.



a team of Income Tax (I-T) officers from the newly created Directorate of Criminal Investigation (DCI) carried out simultaneous searches at Delhi based businessman Satish Sawhney posh Sainik Farms bungalow and South Extension-I premises.



After that Satish Sawhney admitted to income tax department officers about his undisclosed income of Rs 73 crore.

He also gave details of secret lockers held in banks in Switzerland, Singapore and the US.

Jewellery worth an estimated R 1.5 crore and R 18 lakh in cash have also been reportedly seized.

NDTV reported that Swahney had five undisclosed foreign bank accounts--one each in Zurich and Singapore and three in the US--besides being in the possession of eight 'almirah' sized
lockers in banks in Delhi.

Eight bank accounts in Delhi have been sealed by the I-T department.

The bank accounts are all Delhi-based and are with ICICI, HDFC and SBI.

Reality views by sm –

Saturday, January 07, 2012

Tags – Black Money Satish Swahney Delhi Businessman Rs.73 Crore Singapore

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Delhi businessman Satish Sawhney admits to undisclosed income of Rs. 73 crore

http://www.ndtv.com/article/india/delhi-businessman-satish-sawhney-admits-to-undisclosed-income-of-rs-73-crore-164433