“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.
