Arvind Kejriwal targets 'blackmoney list', 'govt incapable of bringing it back'

Agencies Posted: Nov 09, 2012 at 1238 hrs
New Delhi In his fresh expose against the 'corrupt' in the Indian system, activist-turned-politician Arvind Kejriwal raked up the issue of blackmoney at a press meet in New Delhi on Friday afternoon.

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

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(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.

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