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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.
ED siezes assets worth Rs 21 crore of Dabur family's Pradip Burman
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