Mukesh Ambani

Balance: $26.6 mn (Rs 164.92 crore)

Richest Indian industrialist, personal worth over $20 billion. He opened two HSBC

accounts in 2001. Average joint balance of $26.6 million in 2006/2007. Data shows
account registered under Flag Telecom Group Ltd and Canbar Holding Corporation.
There is also an account of Reliance Industries Limited, opened in 2007, with a
balance of $ 103.8 million (Rs 638.6 crore). Earlier, following allegations made by
India Against Corruption, the company had issued a statement in which they clarified,
These accounts are fully compliant with all regulations and are disclosed in their
appropriate jurisdictions and in India.
COMMENT:

RIL spokesperson stated, Neither RIL nor Mr Mukesh Ambani have or had any
illegitimate bank accounts anywhere in the world.
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Anil Ambani
Balance: $26.6 mn (Rs 164.92 crore)

Younger brother of Mukesh, Anil Ambani took charge of the family empires telecom,
power, entertainment arms after it split. Had identical balance of $26.6 million as
Mukesh in HSBC, same holding companies. Named by India Against Corruption as an
account-holder, Anil Ambani issued a statement which clarified he had no bank
account with HSBC Geneva. Bank scripts attached to the account opening statement
showed HSBC personally contacted client for opening the account in January 2005,
and funds were agreed to be deposited in the bank two days later. Mother Kokila
Dhirubhai Ambani too has an account in the bank but data provides no details.
COMMENT:

Anil Ambanis office responded, Mr Ambani does not have any HSBC overseas
account.