Reliance Industries Ltd (RIL) has rebutted anti-corruption activist Arvind Kejriwal's allegations that Mr. Mukesh Ambani and his company have illegitimate accounts in Swiss banks.

Kejriwal on Friday alleged that in December 2006, Mukesh Ambani and his brother Anil Ambani had Rs 100 crore each in a Geneva branch of UK-based banking giant HSBC.

The anti-corruption activist also alleged that black money accounts are operated through HSBC Bank, which is facilitating money laundering and hawala transactions in India.

The energy conglomerate claimed that neither Reliance Industries Ltd nor Mr. Mukesh Ambani had any dishonest accounts anywhere around the globe.

The company added that it deals with a number of global banks, including HSBC, and stressed that all those are entirely compliant with all regulations.

Refuting the allegations, the company said, "These accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India."

Kejriwal also accused Jet Airways Chairman Naresh Goyal, Reliance Capital & Reliance Infrastructure Chairman Anil Ambani, three people affiliated with Dabur India, Congress MP Anu Tandon of holding "black money" accounts.