No Accounts Abroad: Yogi

In the letters addressed to the Director of the Enforcement Directorate, Deveshwar said that "to my knowledge, and to the knowledge of my colleagues on the committee of directors of the company, there are no unauthorised bank accounts opened by the company or of which the company is a beneficiary/nominee and no such monies ... have been siphoned out and/or retained by the company in such bank accounts."

He said ITC would fully cooperate with the investigating authorities. If any such accounts were unearthed, he said the company would give the Government of India access to these accounts "so that the truth is brought out and appropriate action taken against the erring officials."

 

In the other letter, Deveshwar said press reports that he had violated Fera provisions were totally untrue.I wish to place on record that these allegations are false and that neither I nor my family... have any bank accounts or assets outside India.

He said none of them were signatories to any bank account or beneficiaries or nominees of any bank account or of any assets outside India. "This letter may be treated as an authorisation to any bank to reveal to the authorities details of any bank account alleged to be held by me anywhere in the world," Deveshwar said.