HSBC black money list: ED seizes Rs 20.87 cr assets of ex-Dabur director

NEW DELHI: The Enforcement Directorate today said it has seized assets worth Rs 20.87 crore of former Dabur group Director Pradip Burman in connection with its FEMA probe in the HSBC bank black money list unearthed few years ago.

The ED initiated the action under the provisions of the Foreign Exchange Management Act (FEMA) and the seized assets include 50,000 tax-free Government bonds of HUDCO and IRFC.

The agency took over the case on the basis of a charge sheet filed by the Income Tax Department (ITD) against Burman as part of its probe in the leaked HSBC list of Indians.

The trial in this ITD case is still to commence. (AGENCIES)

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