Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe

clock • 1 min read
Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe

Switzerland´s Federal Tribunal in Lausanne has ruled that an Indian Swiss tycoon could owe the Geneva region more than FRF125m ($137m) in back taxes amid allegations that he tried to pass himself off as a resident of Monaco and falsified the value of his fortune, the Associated Press has reported. According to reports in the Swiss Media on Wednesday (1 September), the Federal Tribunal in Lausanne on 17 August upheld a decision to freeze assets belonging to Prakash Hinduja in connection wit...

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