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Policy Oct, 27 2014

Dabur disproves allegations against former Director Pradip Burman

The Burman family is committed to the highest standards of corporate governance, and encourage ethical behaviour at all levels, Dabur India stated.

By Franchise India Bureau
Dabur disproves allegations against former Director Pradip Burman

Dabur India has rejected the allegation levelled by Indian government in the black money case, reports Business Line.

“We wish to state that this account was opened when Pradip was an NRI and was legally allowed to open this account,” a Dabur India spokesperson said.

Pradip Burman is among the three names revealed by the government in an affidavit to the Supreme Court as black money account holders. He is a fourth-generation member of the Burman family which owns Dabur India.

“We have followed all the laws and the complete details regarding the account have been voluntarily and as per law filed with the Income-Tax Department and appropriate taxes paid, wherever applicable. Therefore, it is unfortunate that every person having a foreign bank account is being painted with the same brush”, the Dabur spokesperson added.

The Burman family is committed to the highest standards of corporate governance, and encourage ethical behaviour at all levels, Dabur India stated.

Burman who is an Engineering graduate from Massachusetts Institute of Technology does not hold any executive position in Dabur presently. 

Related: Maggi ban not in retaliation to EU's clampdown on GVK: Department of Commerce Secretary Rita Teaotia

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