Accounts in foreign banks as per law, says Dabur India
Posted on: 07:47 PM IST Nov 09, 2012
New Delhi: Dabur India on Friday regretted allegations made by India Against Corruption activist-turned-politician Arvind Kejriwal against the Burman brothers. "It was unfortunate that every person having a foreign bank account is being painted with the same brush," the Dabur group said in its statement.
Kejriwal in a press conference accused HSBC Geneva of money laundering and said that Burman brothers had accounts there. "We wish to state that these accounts were opened by the Burman family members when they were NRIs, and were legally allowed to open such accounts," the Dabour India statement said.
Claiming that the monies have been sent out of the declared and tax-assessed incomes received in India, the statement said the amounts have been officially remitted from India through official banking channels and as per applicable FEMA guidelines. "The complete details regarding the remittances have been voluntarily, and as per law, filed with the Income Tax Department, and appropriate taxes paid as applicable," the statement said.
(With additional information from PTI)
More from this Section
September 1, 2015, 3:56 pm IST
September 1, 2015, 1:35 pm IST
September 1, 2015, 1:02 pm IST
September 1, 2015, 12:48 pm IST