Radha Timblo denied she had any "Swiss or German" accounts
One of the eight people named on Monday by the government in connection with untaxed or black money in foreign accounts, Radha Timblo, today denied the allegations.
Mrs Timblo, the Managing Director of Goa-based mining company Timblo Pvt Ltd, told NDTV, "My conscience is very clear. We have paid all taxes and have no undisclosed bank accounts in India or abroad."
In 2009-2010, Mrs Timblo was among the top 10 income tax payers in India paying an advance tax of Rs 30.8 crore and an income tax of Rs 20 crore. Speaking at her office in Madgaon, she said her case, as brought up in the Supreme Court, was "an old matter that was almost settled and adjudicated upon."
Among those named in an affidavit filed in the top court were Pradip Burman, a promoter of the Dabur Group, Rajkot-based businessman Pankaj Lodhiya and five directors of Timblo. Along with Radha Timblo, brothers Chetan and Rohan Timblo and their wives Anna and Mallika were named.
Sources reveal that information on the Timblos and Rajkot-based businessman Pankaj Lodhiya came from German authorities. Mrs Timblo denied that she had any "Swiss or German" accounts.
The Timblos have donated funds to both the Congress and the BJP, NGO Association for Democratic Reforms or ADR said citing public documents. It said that the company donated Rs 1.18 crore to the BJP and Rs 60 lakh to the Congress.
"I have no political affiliations and making an official political donation is not a criminal act," Mrs Timblo said.