Reliance Industries Ltd denied the allegations made against the company and its Chairman Mukesh Ambani.
Reliance had business interests in several countries with turnover of thousands of crores in rupees, an RIL statement said, adding that as a part of its normal business, international subsidiaries of RIL deal with several global banks, including HSBC.
“These accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India”, it said.
A spokesperson for Anil Ambani said, “Anil D. Ambani had no bank accounts with HSBC in Geneva. It is regrettable that such baseless allegations are being made by IAC at the behest of vested interests.”
A Dabur statement said it was unfortunate that “every person having a foreign bank account is being painted with the same brush.”
It said “these accounts were opened by the Burman family members when they were NRIs, and were legally allowed to open such accounts. The amount being referred to in the media, pertaining to these accounts, has been officially remitted from India through official banking channels and as per applicable FEMA guidelines.”
A Jet Airways spokesperson said “there is no account in the name of Mr Naresh Goyal in the Swiss bank”.
He said Goyal has been an NRI since January 1991 and was entitled to have bank accounts outside India.