This is a record low for filthy rich Indians who have been accused of keeping black money stashed behind Swiss bank's famed secret walls. The total funds held by Indians directly with Swiss banks stood at CHF 664.8 million at the end of 2016, while the same held through fiduciaries was nearly USD 11 million. This included nearly CHF 377 million in form of customer deposits, about CHF 98 million owed to Indians through other banks and CHF 190 million in form of other 'liabilities'. The funds held through fiduciaries or wealth managers alone used to be in billions till 2007 but has been falling amid fears of regulatory crackdown. (PTI inputs)Also read:Black money: Switzerland agrees to automatic exchange of account info with India from 2019Aadhaar one of measures to tackle corruption, black money: SCPeople with black money fear Modi govt: Amit Shah

Source: India Today June 29, 2017 14:26 UTC