New Delhi: India Against Corruption (IAC) "can't have its own bank account" as it is not an organisation but a movement, Arvind Kejriwal said here on Friday, a day ahead of a crucial meeting of its core committee where allegations of financial impropriety against him and another Team Anna member, Kiran Bedi, are likely to be brought up.

"IAC is not an organisation. It is a movement. It can't have its own account," Kejriwal said in an SMS, replying to a question on whether the IAC will be opening a bank account to receive public donations.

Kejriwal's reply comes in the wake of allegations by Swami Agnivesh - a founding leader of the IAC who has now parted ways with it - that Rs 70-80 lakh collected during Anna Hazare's 12-day fast at the Ramlila ground here in August were siphoned off to Kejriwal's private trust - Public Cause Research Foundation (PCRF).

Agnivesh had also said that Hazare suggested a separate bank account for the IAC.

But like Kejriwal, another IAC leader also said only a registered organisation can open a bank account. "Since the IAC is not an organisation, it could not open an account," the leader added.

The core committee is also likely to announce the schedule of publication of the accounts of donations during the Ramlila Ground fast.

However, Agnivesh said it was "delayed action coming after public criticism and pressure from Hazare".

Hazare, the prime leader of the IAC, who has undertaken a 'maun vrat' (vow of silence) since Oct 16, will not be attending the core committee meet here on Saturday.

"My health still does not permit me to give up my 'maun vrat'. There is still some swelling on my feet and the knee troubles me a lot," Hazare wrote on his blog on Thursday.

Saturday's core committee meeting is likely to accept the resignations of two members - Gandhian PV Rajagopal and Magsaysay award winning water activist Rajendra Singh - who protested the movement taking a political turn when Kejriwal campaigned against the Congress candidate in the by-polls to the Hisar Lok Sabha seat.

Singh had also said Kejriwal took decisions in an "autocratic way".