Richies ditch Swiss, prefer South Korea

July 14 2019


From the time the Swiss government and Indian government have cozied up regarding getting information of account holders in the Swiss Bank, several businessmen and politicians have started searching for safe heavens for their money and closing their accounts in the Swiss bank. Sources reveal that they have even found a new heaven in the South Korea. So in the past eighteen months, rich Indians have started frequenting South Korea. According to a statistic by Bank of International Standard, a nine hundred per cent jump has been seen in Indian deposit in bank of South Korea. Prior to 2018, only one million dollars of money belonging to Indians was kept in South Korean Banks, however, amount has swelled to 904million by end of 2018. These banks are now offering their clients virtual currency accounts like crypto currency as well and this new development has become a headache for investigation agencies.

 
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