This Article is From Nov 09, 2012

Ambani brothers reject Arvind Kejriwal's charges

Ambani brothers reject Arvind Kejriwal's charges
New Delhi: The Ambani brothers today rejected allegations by Arvind Kejriwal that they had parked black money in HSBC Bank in Geneva and denied that they had any accounts there.

Strongly denying the allegations, Mukesh Ambani-headed Reliance Industries Limited (RIL) said neither the company nor Mukesh Ambani 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. (Read: Full statement)

"The continued tirade of baseless allegations being made by IAC against us appears to be instigated by vested interests," an RIL statement said.

In a separate statement, the Anil Ambani-headed Reliance Group categorically denied all allegations made by Mr 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 India Against Corruption (IAC) at the behest of vested interests".