Yash Birla has no individual bank account in Swiss bank: Birla Group

Published on May 27, 2015 10:55:55 AM

While nodding to the information request of Indian tax authorities, Swiss gazette revealed name of Yash Birla in its global account holders list. Birla’s business group on Tuesday gave out a statement that there is no individual bank account in his name nor any account is under his control.

Yashovardhan Birla, famously known as Yash Birla, is the chairman of Birla Group holding firms under varied categories like steel products, electrical appliances, health, lifestyle, education and a few more.

While responding to the questions that rose on revelation of Birla’s name in official gazette of Swiss authorities, an official spokesperson of Yash Birla Group in an emailed statement said, "Yash Birla has no individual bank account in his name or under his control. This has been explicitly confirmed earlier by the Swiss bank in writing and the same has already been communicated to the Indian tax authorities"

Besides Birla, Swiss authorities disclosed 6 more Indian identities in its federal gazette, namely, Sneh Lata Sawhney, Sangita Sawhney, Sayed Mohamed Masood, Chand Kausar Mohamed Masood, Gurjeet Singh Kochar and Ritika Sharma.