Foreign bank account legal, followed all rules: Burmans

NEW DELHI: With one of its members, Pradip Burman, being named as an account holder in a foreign bank in the black money issue, Dabur India promoter family, Burmans today said the account complied with all legal requirements.

"We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this account," a Dabur spokesperson said in a statement.

"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," he added.

Pradip Burman currently holds no position in the homegrowm FMCG major although he was once a Whole Time Director of Dabur India.

Regretting that there was a lack of differentiation between legal and illegal foreign bank account holders, the spokesperson further said: "It is unfortunate that every person having a foreign bank account is being painted with the same brush."

"The Burman family is committed to the highest standards of corporate governance, and encourage ethical behaviour at all levels," the spokesperson added.