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Accounts in foreign banks as per law: Burmans

November 09, 2012 18:05 IST

The Burman brothers of Dabur group on Friday said that they had opened accounts in foreign banks when they were NRIs and were legally allowed to do so.

Rejecting allegations made by Arvind Kejriwal at a press conference in which he had accused HSBC, Geneva, of money laundering and that Burman brothers had accounts there, a statement issued by Dabur India said: "It was unfortunate that every person having a foreign bank account is being painted with the same brush."

"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," it added.

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.

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