BERNE: The names of Industrialist Yash Birla and two Mumbai-based individuals, along with five Indians with Swiss bank accounts, have been made public by the Swiss government in relation to ongoing tax probes against them in India.
The other two industrialists are Gurjit Singh Kochar, son-in-law of late realty baron Ponty Chadha and a Delhi-based businesswoman Ritika Sharma. These names have been made public in Switzerland's Federal Gazette as the details about them were sought by the Indian authorities.
Some details of these Indians, including Birla and Sharma, have already been shared with India by the Swiss Federal Tax Administration (FTA).
Meanwhile, an official spokesperson of Yash Birla Group said in an emailed statement, “Mr 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.”
Yashovardhan Birla, who is commonly known as Yash Birla, is the Chairman of the group based in Mumbai. The group has expanded interest in industries steel pipes, machine tools, health, Lifestyle, education etc.