The Oklahoman

Court rules Indian-Swiss tycoon could owe $137M in back taxes


GENEVA – Switzerlan­d's highest court ruled that an Indian-Swiss tycoon could owe the Geneva region about $137 million in back taxes amid allegation­s that he tried to pass himself off as a resident of Monaco and falsified the value of his fortune. In revelation­s brought to light Wednesday in Swiss media, the Federal Tribunal in Lausanne on Aug. 17 upheld a decision to freeze assets belonging to Prakash Hinduja in connection with a much larger tax debt to local authoritie­s than he had originally claimed between 2008 and 2017.

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