Swiss Leaks: Income Tax moves court to prosecute Congress leader Amarinder Singh for ‘foreign assets’

Swiss Leaks: Income Tax moves court to prosecute Congress leader Amarinder Singh for ‘foreign assets’, THE Income Tax Department has moved a Ludhiana court with a prosecution complaint against former Punjab Chief Minister Amarinder Singh for being an alleged beneficiary of foreign assets which were traced due to details emerging from the probe into Indians holding HSBC

Geneva bank accounts.

The Swiss Leaks case, receipt of details of 628 HSBC accounts including one in the name of Amarinder Singh’s wife, Preneet Kaur, as well as those of a string of trusts and off-shore companies, was first reported by The Indian Express in 2015.

Calling the complaint “malafide and politically motivated,” Amarinder Singh today said the Income Tax Department had “failed to dig out any proof’’ of his alleged foreign assets.