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Kejriwal said HSBC's Geneva branch has accounts of 700 Indians. He said France had given this list to the central government five years ago. The figures are till 2006.
Kejriwal said the names include:
1. Mukesh Ambani – Rs 100 crore.
2. Anil Ambani – Rs 100 crore
3. Botex Software Pvt Ltd (Company has shareholding by Reliance) – Rs 2100 crore
4. Reliance Industries – Rs 500 crore
5. Late Sandeep Tandon (former IRS officer)– Rs 125 crore. (Kejriwal said Tandon was close to Mukesh Ambani. His two sons are also in the reliance. His wife Anu Tandon has Rs 125 crores too, Kejriwal said. She is the Congress MP from Congress. Kejriwal also said she is a core group member of Rahul Gandhi)
6. Kokila Dhirubhai Ambani has no money but has an account.
7. Naresh Goyal - Rs 80 crore
In his last expose on October 31, Kejriwal had termed RIL's D-6 block in the Krishna Godavari (KG) basin deal as a "classic case of crony capitalism" and said both the BJP-led National Democratic Alliance (NDA) and Congress-led UPA governments were responsible.
Asserting that the government is succumbing to illegitimate demands of Reliance Industries, Kejriwal had said Mukesh Ambani is running the country and not Prime Minister Manmohan Singh.
"Who is running the country? It seems that Ambani is running the country," said Kejriwal, pointing out the silence of Singh.
He had demanded that Reliance should be stopped from exploiting national wealth and an end should be put to "crony capitalism".
Kejriwal had earlier targetted Congress president Sonia Gandhi's son-in-law Robert Vadra's land deals, the then Law Minister and present External Affairs Minister Salman Khurshid of allegedly misusing funds allotted to his NGO and BJP president Nitin Gadkari.
Arvind Kejriwal targets HSBC, Ambani brothers
EXPRESS EXCLUSIVE France hands over list of 700 bank accounts in Switzerland
EXPRESS EXCLUSIVE Black money: Rs 565 cr stashed in Geneva accounts, says report
EXPRESS EXCLUSIVE Govt may move against HSBC, Rs 80 cr mopped up
EXPRESS EXCLUSIVE ‘Massive’ collections in Swiss black money probe
(PTI) In his latest round of allegations, Arvind Kejriwal today targeted multinational HSBC Bank accusing it of indulging in money laundering and claimed Ambani brothers, Naresh Goyal and Congress MP Annu Tandon had parked their blackmoney in its Geneva branch.
Addressing a press conference, Kejriwal and lawyer Prashant Bhushan alleged around Rs 6,000 crore blackmoney was lying in 700 accounts of the Geneva branch of the bank.
They claimed that people who had deposited "small amounts of money" in the bank were raided but "big fish" like Mukesh and Anil Ambani, Naresh Goyal (Jet Airways), Tandon and Burmans (Anand, Pradeep and Ratan) of Dabur were "let off" at the behest of the government.
The activists claimed that the Ambani brothers had Rs 100 crore each, Reliance Group's Motech Software Rs 2,100 crore, late Sandeep and Annu Tandon Rs 125 crore each, Naresh Goyal Rs 80 crore and Dabur's Burman brothers Rs 25 crore in the list of around 700 people having accounts in HSBC as of 2006.
Spokesmen for HSBC and Burman brothers declined to comment while Tandon called the allegations "utterly baseless and motivated".
Rejecting the allegations, Mukesh Ambani-headed Reliance Industries Ltd said neither RIL or 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.
"The continued tirade of baseless allegations being made by IAC against us appears to be instigated by vested interests," an RIL statement said.
RIL sources referred to an HSBC statement of January this year in which the Bank had apologised to Mukesh Ambani for putting the name in the list of beneficiary account holders.
The two activists of India Against Corruption (IAC) also alleged that the UPA government under Manmohan Singh was "sold out" and it is the "biggest danger" as it is surrendering economic sovereignty of the country.
They expressed fears that terrorists in Pakistan or criminals can exploit the method of money transfer in HSBC for their activities in India.
Though they do not have "official documents" with regard to the businessmen holding accounts, Kejriwal claimed they checked with several sources after receiving an input from a Congress leader, who was inducted into the government in the recent cabinet reshuffle.
He also provided statements of three persons, whose names appeared in the list and questioned by Income Tax officials, in which they have told interrogators that HSBC facilitated them opening accounts without them going to Geneva.
The money was handed to over to an agent here and whenever, they wanted to withdraw they used to contact a person in Geneva and the amount was delivered in India, he alleged.
"There is no physical transfer of money. This is money laundering. The statements by the three persons reveal that HSBCis openly and brazenly running a hawala racket in India.
"These statements are enough to arrest HSBC officials. Their operations should be immediately suspended as it is a fit case for charging them under sedition and waging war against India," Kejriwal said.
Alleging that only about 125 of the 700 persons named in the list were raided, Kejriwal sought to question the rationale behind the pick and choose policy of the government in excluding the big fish from the raids.
Denying the allegations, Tandon, who was the Managing Director of Motech Software, said "you go and ask him on what he is making such allegations. I don't think he has anything to prove this."
Ambanis deny Kejriwal's allegations
(PTI)The Ambani brothers today rejected allegations by Arvind Kejriwal that they had parked blackmoney in HSBC Bank in Geneva and denied that they had any accounts there.
Strongly denying the allegations, Mukesh Ambani-headed Reliance Industries Ltd said neither RIL or 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.
"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 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".
Accounts in foreign banks as per law: Burmans
(PTI)The Burman brothers of Dabur group today said that they had opened accounts in foreign banks when they were NRIs and were legally allowed to do so.
Rejecting allegations made by Arvind Kejriwal at a press conference in which he had accused HSBC Geneva of money laundering and that Burman brothers had accounts there, 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.
Claiming that the monies have been sent out of the declared and tax-assessed incomes received in India, the statement said the amounts have been officially remitted from India through official banking channels and as per applicable FEMA guidelines.
"The complete details regarding the remittances have been voluntarily, and as per law, filed with the Income Tax Department, and appropriate taxes paid as applicable," the statement said.
Goyal has no account in HSBC Bank Geneva: Jet Airways
(PTI)Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways today 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.
The carrier said Goyal is an NRI and had received a routine enquiry letter from the Income Tax Department regarding a bank account at HSBC Geneva of M/S Tailwinds Ltd, a company based in the Isle of Man.
"The existence of the company M/S Tailwinds is fully disclosed to various departments of the government of India. All questions have been satisfactorily replied to the Income Tax Department," it said.
Stocks More on RELIANCE INDUSTRIES LTD
Company INFO More on Jet Airways (India) Ltd.
Let us not expect a thief to steel money and go to the police Thana to return the black or stolen money. The situation is quite identical to the national wealth stored by corrupt politicians, bureaucrats and corporate honchos to make rules to hand over their life long steeling to the nation and sit in the jail for the rest of their life. Unless the system is changed the exiting set of politicians will never make such a rule. Let us fight rather than requesting the corrupt bunch of people.
To all you anti-corruption crusaders, why doesnt kejriwal target Modi!! Its now known that Kejriwal has the tacit support of the BJP, Kejriwal can never targer Modi, because doing so will dampen BJP's prime ministerial candidate and hence BJP's ambition of dethroning the Congress. Now, Kejriwal is a politician and will ensure he only targets people as long as it does not hurt his political ambitions. All you anti corruption people, stop being fooled by cunning politicians and see the bigger picture, you guys are only being used for someones personal gain!!!
its time now to occupy reliance the biggest hoarders blackmarketeers,black mailers, hand in glove with politicians. occupy reliance and bring the prices down, lets end the suffering of indians, this will be great service to the great nation of india, what else indians need, act now before its too late..wakeup indians, serve your nation, let the world know, rise above the bar
Is it possible to acquire any company by the Govt by declaring them biggest hoarders/black marketeers. black mailers. hand in glove with politicians.In my opinion the time has changed post 1990 onwards due to globalisation shifting from Mixed Economy to Capitalistic economy.Socialism has been left behind very far, now its time for effectve compettition and it is the duty of the Govt of the day to protect the people of the nation, if any thing is done wrong. In the case of Vodafone the Govt of the day in its own interest can modify and charge/levy the taxes from the retrospective effect. so their is no need to panic, if we have to live in this 21st Century.
Action is important not comments come lets join together and ........
This is not democracy, this is not monarchy, this is not communism. Under every form of government there is some regard for people. In India we let a corrupt few sell off most national assets - ores, oil, gas, spectrum - hoard funds abroad and cry poor. How can a nation of billion people, with so much resources remain poor? This is the India we create and this is the India we have to live in. When Mukesh Ambani steps on the balcony of his billion dollar home all he sees are the slums and a dirty city without a single public park. Is this how he wants to live? We live well individually when we all live well together.
Demilitarizing Siachen: Trading Strategic Advantage For Brownie Points By S.G.Vombatkere 08 November, 2012 Countercurrents.org http://www.indiandefencereview.com/news/demilitarizing-siachen-trading-strategic-advantage-for-brownie-points/ The troubled India-Pakistan relationship has been punctuated by four military conflicts and decades-long military face-off across the IB and LOC, the most recent starting in 1984 on Siachen glacier in Ladakh. The illegal ceding of areas of north Ladakh by Pakistan to China, and China's occupation of the Aksai Chin area in east Ladakh make Siachen glacier a regional strategic flash-point. The Siachen glacier While over the past few months, the Siachen glacier (hereinafter referred to as %u201CSiachen%u201D) has been in the news, recently there has been a flurry of correspondence within the Indian strategic community on its demilitarization, some arguing for and others against it. There is a lobby favouring demilitarization, especially of Siachen, and
Lakhs of crores of black money is floating in India and in and out of the country through foreign trade. Curbing black money in India will solve more problems than targetting the relatively small amount abroad. Gujarat is the biggest generater of black money. When will Kejriwal target Gujarat and Modi for refusing to curb black money flow? Modi even went to free diamond merchants who were arrested in China for such dealings.
Let all the key players: Pranab Mukherji, Ambanis, Rahul, etc. directly come in front of public and debate this. Not hide behind their stupid spokespersons. I request all indians not to not to use fireworks this Deewali and give the saved money to IAC.
well done kejriwal
kejriwals/his team allegations 100% BASELESS a frusterated,cancerous,diabetian,crook...... why not bhushans disclose their assets.... kejriwal mst answer,who so ever joining his protests carry flyers,banners,and they and their families fed?
India Against Corruption Mr Arvind Kejiwal is trying to distort the Indian development Picture at International Platform on the basis of development . There may be many disclosers but keeping the stake of the Nation on International Platform is Deplorable . Mr Kejriwal should in future refrain from quoting these type of Comments that can upset the India's future prospects on International Scenario .The series of unearthing his scams has really upset India's image abroad .
No culprits will be honest. They will always deny their role in the loot. They have hundreds of front companies in the name of their relations and employees. HSBC included his name in the list of Swiss Bank A/C hlders but later apologised. This clearly shows that he has interest in some accounts. If not why HSBC included his name in the list in the first instance. It s a known fact that Pranab Mukerjee had helped them as Finance minister and commerce mninister. Thir Liasion man at delhi may be questioned.
Congress looters.......Chamchas of Dynasty.......They r traitors .....they r more loyal to this corrupt and communal dynasty then being loyal to India and the people who elect them. Wat credentials does rahul Amul baby hold? We saw his real position in UP and Bihar polls. He is nothing. In the end, I would say one thing that ........anyone who supports corrupt and communal congress is definitely a corrupt and opportunist person deep in his heart and that person also knows it well..................even if he is my father....... They r traitors and cowards.
aambani brother murdabad.. congress& bjp murdabad..!! bharat mata jinda baad.. arvind kejriwal jindabad
What kejriwal is doing is what both the congress and BJP could not do either when they were in opposition or in power. Kejriwal has demonstrated what a truthful, fearless and committed patriot can do to challenge the corrupt system and shake the corrupt out of their slumber. Great job. keep going. India needs this if it ever has to take a rebirth as an honest country where there is equality of law and not one for the rich and powerful, and one for the poor and powerless.
I always wondered how a bunch of Britishers ruled a country of millions and how a few hundred politicians and a few thousand bureaucrats are running a country of 1.2 billion. Its becuase the people of India are such fools and some of them are posting stupid comments to Mr Kejriwals allegations. Its unbelievable what people are saying here. Come on , wake up and support this guy who has the balls to take on the corrupt system. We Indians will go in thousands to watch an IPL cricket match but will not step out to support a man who is fighting the most crucuial battle in the history of India.
Wake up India! The time has come. Support AK and see a new India
Industrialists like Ambanis are doing much much more good service to the nation and society than this unproductive kejoriwal, at least they are feeding lacks of employees and their families attached to them. Kejoriwal and company should stop loose talks like this which will demoralise our industrialists and industries reflection of which will shadow our growing economy and life of service class people. Kejoriwal is also getting handsome money from his choice of industrialists why he is not revealing their name ????
An immense amount of damage has been done by the Ambanis to India. They have looted our natural resources, taken advantage and helped the bribe culture flourish. Reliance is one of the most unethical companies in India. People would do good to boycott al things Reliance
This is a paid comment. This unit has no high value. Askk Pranadda and his son.
Another dud from Kejri ... he runs the risk of going into oblivion even before the next elections in 2014.
I trust and believe what Kejriwal says, rather than what the Indian politicians cry from their rooftop that they "are innocent, these are allegations-no proof, "he" is not in government, and so on" and so many other excuses to wriggle out of sticky mess. People of India are too smart and at right time they are bound to give the rulers boot on their butts.
It is not surprising butwhat is surprising is the amount mentioned by him. Ambaniji is a big business empire helping the political parties at their need.Nobody will take action on them.More is the business more is the name and money.It is very much less than the politicians stashed abroad.
It is really disappointing. We all were fed with internet mails claiming 4 Lakh Crores of Indian Money in Swiss banks. Now Kejriwal splashed cold water by claiming only 6000 Crores!!! No Gandhis named. Is he holding some information? Subramanyam swamy had much more interesting to tell about.
6000 crore is only in the HSBC Geneva branch! There are other banks in Switzerland.
What would be the action item on ignorant govt, since only exposing the names doesnt make any sense ?
The IAC and Kejriwal group have been exposing small bugs in coruuption whereas the big cats are left alone. We all know that there is far bigger and uglier scene if truely exposed. Politicians who have made scams amounting to several thousand crores have never been targeted nor any info is available. Big Python like Sharad Pawar and many other dacoits sitting in parliament are being left by IAC. either they cannot fetch info or they r simply targeting small bugs for their own benefit.
Dear Mr. P. balagopal, I am amazes to read your comments. How can you expect mr kejriwal to take action or finalize cases when he is neither a member of the government or the judiciary. He can only bring to light the evidence that he is collecting as an ordinary citizen of this country.Also, how do you expect the media to "finalize cases"??!! it is unfortunate that this country has ignorant people like you. How can Mr kejriwal or IAC confuse you or try and make you a fool when you are already a confused fool?
Hats off to you Mr. Kejariwal the great for your grit determination and honesty. I thank Mr. narayanmuthy who has shown the guts to give him monetary help.
@P Balagopal, please become one of the "anybody can point out many things" and point out some more. This country needs all the facts. The more facts that come out the more likely is it that we will be rid of the crooks who are looting our nation. Go ahead - point out whatever you can - I, and many others, will support you.
