New Delhi, Oct 27: Pradeep Burman’s foreign bank account was “opened once he was an NRI, and was legally allowed to open this account”, Dabur India aforesaid Monday in an officer statement.

Pradeep Burman is a member of the promoter family of Dabur India.

“The Burman family is committed to the highest standards of company governance and encourage moral behaviour at all levels. we would like to state that this account was opened once he was an NRI and was legally allowed to open this account.

“We have followed all the laws and the complete details concerning the account are voluntarily, and as per law, filed with the income tax Department, and acceptable taxes paid, where applicable. Therefore, it is unfortunate that each person having a foreign bank account is being painted with the same brush,” the official statement aforesaid.

Pradeep Burman was once a wholetime director of Dabur India but he doesn’t hold any executive position within the company now.

Dabur India is a 130-year-old fast moving consumer goods (FMCG) company that started its journey from erstwhile Kolkata and has around two hundred and products in its portfolio.

The company’s stocks were trading at Rs.209.10 per share down 3.10 percent at 2.45 p.m. within the Mumbai stock exchange.

The central government Monday disclosed names of three people, together with Pradeep Burman, who are holding bank accounts in foreign countries and are currently underneath the lens of income tax authorities.