Motech Software - how Reliance stashed Black Money in Swiss Banks and later snapped all ties with the shell firm after money laundering probe was initiated. The biggest Indian account holder with nearly USD 500 million in Geneva branch, its website now hosts porn. Coincidentally the same Income Tax Commissioner's office were the files related to Ambani family's Black Money cases were kept was very recently broken-in and important files stolen.[toc]
Motech Software - How Reliance stashed Black Money in Swiss Banks
Motech Software
India's fight against suspected black money stashed in Swiss banks has reached a village lane in Andheri area of Mumbai, where an obscure-sounding company, Motech Software Pvt Ltd, was set up nearly two decades ago that allegedly went on to deposit millions of dollars in Switzerland through a maze of offshore entities.
Indian tax authorities have sought the Swiss government's...
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