The development comes at a time when the official data published by Switzerland's central bank, SNB, has shown that Indian money in various Swiss banks rose by 43 per cent during 2013 to close to 14,000 crore, while including the money held directly by Indian clients and those through fiduciaries or wealth managers.
The Swiss official said that these funds might not necessarily be illicit funds as these clients have themselves declared to be Indians.
 
He also dismissed claims about Indians having trillions of dollars of black money in Swiss banks, saying that the total size of foreign money from across the world in all 283 banks operating in Switzerland stands at just about $1.6 trillion.
    
Justice Shah also said that "it is not a list of only black money. It is a list of those persons who are also legally vested. It is a combined list. We are asking for the list of the said persons. Then we will verify. Then action is taken."
    
"If it is legal we cannot do anything, If it is illegal or unaccounted money then we take action. It depends on which manner the amount is deposited," he added.
    
The Swiss government official also said that Switzerland is looking forward to working with the new government in India and it will also extend all possible support to the SIT on black money.

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