BERN: Switzerland gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores.
The value of precious metal imported from Switzerland touched 17.1 billion Swiss francs (over Rs 1.2 lakh crore) during the 11-month period from January till November end in 2014, according to Swiss government.
Last November alone saw import of bullion worth over 2.9 billion Swiss francs (around Rs 20,000 crore) from Switzerland. In the preceding month too, gold exports from the Alpine nation remained at similar levels, latest data from the Swiss Customs Administration showed.
More than 457 kilograms of gold was exported from the Alpine nation to India during January-November 2014 period.At the end of November 2014, India remained the biggest destination for gold exports from Switzerland.
