Do Indians have a huge amount of Black Money in Swiss Banks?

There has been a myth/misconception among almost all Indians that Indian Politicians and Cine Actors are having a lot of “Black Money” in foreign banks, especially at Swiss Bank.

However, the Swiss Banks have ascertained that any statistics about such “Black Money” simply do not exist at all.

The system of banking in Swiss bank with secret number/password and a few cases of some Politicians having accounts with Swiss Banks had given room for speculators to imagine and spread wrong and exaggerated news that Indians are having high amount of “Black Money”/Money earned by corruption as secret deposits with Swiss Banks.

Subsequent to the officials of Swiss Banks announcing that such speculations are totally wrong the ‘Swiss Bank Myth’ may come to an end.