New Delhi: Activist-turned-politician Arvind Kejriwal has dropped another bombshell in the run up to Diwali. Making a big expose and fourth one in a row, the IAC activist claimed that his team has got evidences showing crores of rupees stashed in Swiss banks by prominent Indians including RIL chairman Mukesh Ambani and his brother Anil Ambani, Naresh Goel of Jet Airways and Congress MP Annu Tondon.

Addressing a press conference, Kejriwal said that the money stashed by Indians in their Swiss bank accounts amounts to nearly Rs 25 lakh crores. He stepping up his attack on RIL chairman Mukesh Ambani, Kejriwal claimed on the basis of his evidences that the latter has parked Rs 100 crores there.  His brother Anil Ambani too has equal amount in his Swiss accounts. Unnao Congress MP Annu has deposited Rs 125 crore including another Rs.125 crore in name of her deceased husband Sandeep Tandon and Jet Airways chairman Naresh Kumar Goyal having Rs.80 crore.

He said this was based on a list of 10 account holders in HSBC bank in Geneva that was passed on to him by a senior Congress leader that was later cross-checked by a team of his IAC.

  • OCTOBER 5: Arvind Kejriwal first exposed UPA chairperson Sonia Gandhi's son-in-law Robert Vadra. He accuses Vadra of taking undue benefits from DLF (Click here)
  • OCTOBER 17: Kejriwal’s second expose was against former Law Minister and present External Affairs Minister Salman Khurshid and his wife Louise. He alleges Rs 71 lakh scam by the trust run by Khurshid (Click here)
  • OCTOBER 31: IAC activist’s third expose was against BJP president Nitin Gadkari. Kejriwal accused him of receiving personal favours by getting around 100 acres of agriculture land in Maharashtra after the Congress-NCP government there bent rules (Click here)
  • NOVEMBER 9: In his fourth expose, Kejriwal raised the issue of blackmoney stashed abroad. He alleges Ambanis, Burmans, Congress MP Annu Tandon and others are possessing Swiss Bank accounts at HSBC Geneva branch (Click here)

"In July 2011, the Indian Government received a list of roughly 700 people having bank accounts in HSBC, Geneva. The list contains bank balances of these people in 2006. These names are also part of the list," Kejriwal said .

Three brothers who own Dabur have Rs.25 crores in Swiss banks, while Yashovardhan Birla and Kokila Dhirubhai Ambani have accounts with zero balance, Kejriwal alleged in the conference, also addressed by his associate Prashant Bhushan.

"Our sources told us Mukhesh Ambani had come to the finance ministry when the list of 700 Swiss account holders were provided to India. He told the finance ministry 'we are prepared to pay the tax to buy peace and no raids should be conducted'," said Kejriwal.

According to Kejriwal, the present CBI director once said more than Rs.25,00,000 crore of ill-gotten Indian money was stashed abroad while the Indian government said that an amount of Rs.6,000 crore is deposited in Swiss banks. He said even as black money was a big threat to India's economic sovereignty, the union government was trying to shield its perpetrators.

Indian government seems to be more interested in helping the guilty rather than punishing them. Kejriwal said the then finance minister Pranab Mukherjee had even planned an amnesty for all the 700 Swiss account holders. He also demanded strict action against HSBC bank for encouraging kidnapping, corruption and terrorism in the country.

"Like America, we should enact a law that makes it mandatory for foreign banks operating in the country to furnish a list of all account holders to the income tax department," he said, asking the thousands of HSBC bank employees to quit their jobs.

Have always complied with laws: HSBC

HSBC Bank came out with a cautious reaction to Arvind Kejriwal's attack on alleged money laundering through its Geneva branch saying it takes compliance with the law very seriously.

"HSBC Bank in India notes certain allegations made today. The bank cannot comment on the specific details of the allegations that have been made, which relate to issues in the past.

"HSBC takes compliance with the law, wherever it operates, very seriously," the bank said in statement.      

Allegations baseless: Ambani brothers

Strongly denying the allegations, Mukesh Ambani-headed Reliance Industries Ltd said neither RIL nor Mukesh have or had any "illegitimate" accounts anywhere in the world.

"As part of normal business, international subsidiaries of RIL deal with several global banks including HSBC. These accounts are fully complain with all regulations and are disclosed in their appropriate jurisdictions and in India.

In a separate statement, the Anil Ambani-headed Reliance Group categorically denied all allegations made by Kejriwal against him. "Mr Anil D Ambani had no bank accounts with HSBC in Geneva," it said.

The Reliance Group statement said it is "regrettable that such baseless allegations are being made by IAC at the behest of vested interests".

Goyal has no account in HSBC Bank Geneva: Jet Airways

Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva, though he is entitled to have bank accounts outside India as he is an NRI.

"...There is no account in the name Mr Naresh Goyal in the Swiss bank as has been alleged. Besides, Mr Naresh Goyal has been an NRI since January 1991. He is entitled to have bank accounts outside India.

"The suggestion that there has been any unaccounted money stashed away in Swiss accounts is entirely false," a statement issued by Jet Airways said.

Accounts in foreign banks as per law: Burmans

Rejecting allegations made by Kejriwal that Burman brothers had accounts in HSBC, a statement issued by Dabur India said: "It was unfortunate that every person having a foreign bank account is being painted with the same brush."

"We wish to state that these accounts were opened by the Burman family members when they were NRIs, and were legally allowed to open such accounts," it added.

Charges malicious: Annu Tandon

Unnao Congress MP from Uttar Pradesh Annu Tandon slammed India Against Corruption (IAC) activist-politician Kejriwal for what she termed "frivolous and malicious" allegation of her stashing away Rs.125 crore in a Swiss bank.

Tandon told reporters that the allegation levelled by the IAC against her was "completely baseless."

"It is a completely baseless and malicious allegation. I completely deny any corruption," she said.


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