Dabur India
ED summons Dabur chief Mohit Burman for money laundering probe in Religare open offer case
New Delhi/IBNS: The Enforcement Directorate (ED) has recently issued summon to Dabur chairman Mohit Burman as part of its ongoing investigation in the Religare open offer case, CNBC-TV18 reported on Wednesday (Aug 14), citing its sources.
Sources told CNBC-TV18 that the Dabur chief had appeared before the federal probe agency last week and his statements had been recorded.
This comes amid the escalating spat between the incoming promoters of Religare and the existing management, reports CNBC-TV18.
According to reports, while the company has levelled allegations on the Burman Family ranging from fraud to their alleged involvement with a betting app, the Burman Family has accused the existing management of lapses in corporate governance.
Burman Family spokesperson and Dabur India Chairman Mohit Burman, in an exclusive interview with CNBC-TV18 in November last year, spoke about how things went south with the current management.
“We're focusing on the open offer. We believe that everything is above board, and sooner than later, all the regulators will give us the nod to proceed and close the acquisition,” Burman told CNBC-TV18 last year.
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