How does the concept of black money in a Swiss bank work?

Black money does not carry a stamp of being black. If you have Rs. one lac in an Indian Bank it may be ‘black’. On the other hand Rs. hundred crore in a bank may be ‘white’. read more

Just to put this in perspective Luxembourg is said to have about twice the number of such Offshore banks as the Swiss. Therefore all our Black money is considered to be in swiss banks(They are either there or in many such baks all over the world of the same concept or league). read more

According to White Paper on Black Money in India report, published in May 2012, Swiss National Bank estimates that the total amount of deposits in all Swiss banks, at the end of 2010, by citizens of India were CHF 1.95 billion (INR 92.95 billion, US$2.1 billion). read more