New Delhi, May 26: The names of two women from India have figured in the list of names made public by Switzerland after it had been found that they were holding Swiss bank accounts.
The Swiss Federal Authorities have told Sneh Lata Sawhney and Sangita Sawhney, to file an appeal within 30 days before the Federal Administrative Court if they do not want their details to be shared with the Indian authorities under their mutual assistance treaty on tax matters.
The details regarding Sneh Lata Sawhney remain sketchy at the moment. She is the joint account holder with her husband Bhushan Lal Sawhney who is the managing director of Sawhney Tyres.
Details that have emerged have shown that she is a joint account holder with her husband. The account in question is said to have been opened in the year 1970. It is also said that in the year 2006 the account in question had a balance of Rs 12.64 crore.
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Who is Sangita Sawhney?
In a list made public by Arvind Kejriwal in the year 2012, the name of one Praveen Sawhney was mentioned. Sangita Sawhney is the wife of Praveen.
Details that emerged found that Praveen along with his father Bhushan and mother Sneh Lata had a joint account in which the amount was around Rs 16.7 crore until the year 2006-07.
When the list was made public by Kejriwal, it was found that Praveen Sawhney lived in Jungapura Extension, New Delhi along with his family. It was also found that Praveen's declaration before the Income Tax department showed Sawhney Tyres Pvt Ltd as a non-functional concern.
However this was debated by the Ministry of Corporate Affairs which claimed that the company was active and had made a net profit of Rs 6,456 in the year 2011 and had assets worth Rs 5.67 lakh.