RIL tells employees Swiss bank account legal

Reliance Industries has claimed allegations of its chairman, Mukesh Ambani, having illegal Swiss Bank accounts are not true. In a communication to its employees, RIL referred to The Indian Express report and said the International Consortium of Investigative Journalists had released an "unsubstantiated stolen information," which is already available with Indian authorities.

"The story published in today (Monday)'s newspaper is based on this information does not reflect true facts. RIL, with over Rs 300,000 crore of export turnover, has branches and associate companies in over 100 countries. These entities have bank accounts for which all required approvals are in place. The fact that some of these accounts are in HSBC, Geneva, does not make them illegal," RIL said.

It said neither RIL, nor its subsidiaries/affiliates, or Mukesh Ambani, had or have any illegal accounts anywhere in the world. "RIL will continue to cooperate with the authorities," RIL said.

Reliance Industries Limited (RIL)