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Black money: Centre reveals three names before SC

by IBNS 27 Oct 2014, 07:46 am

New Delhi, Oct 27 (IBNS): The Centre has revealed the names of three persons, including the Dabur group top shot, before the Supreme Court on Monday who allegedly stashed black money in foreign accounts, media reports said on Monday.

The name of Pradip Burman of the Dabur group figured in the list which is part of an affidavit filed by the government. Sources said such more names would be revealed when prosecution in the case begins.

 According to media reports, the other names are of Radha Timblo from a Goa mining company and Pankaj Chimanlal Lodhiya of Rajkot.

Dabur immediately in a statement said  their account is legal. Burman was the Executive Director of Dabur group. 

"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," the statement on behalf of Burman of Dabur quoted in media said.