The Indian government has “already started” action to repatriate so-called black money held by Indian citizens in Swiss accounts, according to the Indian Express.

Indian prime minister Manmohan Singh made a statement to the Indian parliament earlier this week.The country, along with a number of other nations around the world, is putting pressure on Switzerland to open up its banking secrecy to weed out suspected tax evaders. However, tax evasion is not a crime in Switzerland, although fraud is.