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Corporate Nov 9, 2012

Full Text: Allegations levelled by Kejriwal against corporates, banks

In yet another 'expose' activist-turned-politician Arvind Kejriwal today targeted the issue of black money and claimed to have a list of 700 Indians who have accounts in HSBC's branch in Geneva.

Here is the press release by IAC:

The present CBI Director once said that more than $500 billion of Indian black money was stashed abroad. A major chunk of this money is believed to be lying in Swiss banks in Switzerland. Would this money every come back to India? Developments of the last few years have given a ray of hope that if Indian Government acted tough like its US counterpart did a few years back, India also might get access to the list of those having their undeclared accounts abroad. However, Indian government seems to be more interested in helping the guilty rather than punishing them.

Reuters

In July 2011, 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. We could not access all the names but the following names do appear in that list:

Mukesh Dhirubhai Ambai - Rs 100 crores

Anil Dhirubhai Ambani - Rs 100 crores

Motech Software Private Ltd (Reliance Group company) - Rs 2,100 crores

Reliance Industries Ltd - Rs 500 crores

Sandeep Tandon - Rs 125 crores

Anu Tandon - Rs 125 crores

Kokila Dhirubhai Ambani - She has an account but there was no balance on that date

Naresh Kumar Goyal - Rs 80 crores

Burmans (3 family members) - Rs 25 crores

Yashovardhan Birla - no balance

Press Note (English)

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