Mon, Oct 27, 2014, 02:51 PM
With the black money under scanner, Indian big shots are transforming their currency into gold in Switzerland. The heavy imports of gold from this country would prove this fact. Imports amounting to Rs. 70000 crores have been recorded this year. In September itself, imports worth Rs.17000 crores took place from Swiss country to India, which is double the figure of imports in August month. Swiss Customs Administration has revealed this data. This conversion of money to gold, called layering, plays a a key role in money laundering.