ED siezes assets worth Rs 21 crore of Dabur family's Pradip Burman
Updated : May 22, 2018 12:22 PM IST
The Enforcement Directorate has seized assets worth Rs. 20.87 crores from Pradip Burman, Dabur's Nepal subsidiary chairman and a member of the family that owns the company, in lieu of assets held abroad under section 37A of FEMA.
Post the news, Dabur India has lost more than a percent in trade.
Burman's case of not disclosing his income and deposits in his foreign account has been going on for nearly seven years.