HSBC black money list: ED seizes Rs 209-mn assets of Dabur's Pradip Burman

The ED on Tuesday said it has seized assets worth Rs 208.7 million of Dabur group Director Pradip Burman in connection with its FEMA probe in the HSBC bank black money list unearthed few years ago.

The Enforcement Directorate (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