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Roundup: Swiss bank shatters Indian dream of getting info on black money stashed abroad
NEW DELHI, Aug. 24 (Xinhua) -- India's hope to acquire information on Indian black money stashed away in Swiss banks has finally shattered, with the latter refusing on Sunday to reveal any details, saying that "Swiss law and tax model convention don't permit name-fishing expedition" by a third country.
The blow to India came barely a week after Swiss banking giant UBS AG turned over details of 4,450 secret accounts to the United States, under an agreement agreed upon by the two.
The refusal by UBS AG has literally shattered Indian government 's commitment to unearthing black money outside the country -- an issue that had raised much political heat during the general elections with the Opposition BJP making it a major poll plank, said political analysts.
"The Swiss banks have thrown waters on Indian aspirations. India is...