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 falsified 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.