Full text: Dabur denies wrong doing by ex-director Pradip Burman in black money case

The central government today disclosed to the Supreme Court the names of three persons who have allegedly stashed black money abroad.

Ex-Dabur director Pradip Burman, gold trader Chimanlal Lodhiya and Radha S Timbola, a Goa based miner feature in the Centre’s much awaited list of black money account holders.

While Dabur denied any wrongdoing by its former executive director Pradip Burman, promoter of the Rajkot-based Shreeji Trading Company Pankaj Chimanlal Lodhiya said he was shocked to see his name on the list.

[caption id=“attachment_106173” align=“alignleft” width=“380”] Pradip Burman[/caption]

“We wish to state that this account was opened when he was an NRI, and was legally allowed to open this account. 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,” Dabur said in a statement defending Pradip Burman.

However, shares of the company plunged 9 percent after Pradip Burman was named in the black money list.

In 2012, AAP leader Arvind Kejriwal had alleged that three family members of Dabur grouphave crores stashed in Swiss banks.