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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login