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February 2011

Other banks in firing line

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants
Reading Time 1 mins
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New Page 3

47 Other banks in firing line :


The Deutsche Bank settlement
is part of a wider US drive to crack down on banks that help wealthy Americans
evade taxes and could herald similar settlements with other banks.

(Source : Business
Standard, dated 23-12-2010)

(Comment : What are
the authorities in India doing ? What is the outcome ?)

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