ED summons Dabur chief, others in Religare open offer case
Enforcement Directorate (ED) recently summoned Dabur India chairman Mohit Burman as part of its investigation into an alleged money laundering case related to the open offer made by the Burman family to the shareholders of Religare Enterprises (REL). Also summoned were three independent directors of REL subsidiary Care Health Insurance and the manager of the open offer, said people aware of the development.
Most didn't appear in person but sent their representatives. The first round of questions by the federal probe agency is to take their statements and understand and evaluate them.
«The probe has commenced and since there are allegations and counter-allegations, those related to the case were summoned,» said one of the persons cited. «Their statements are being studied to evaluate if there is a case of money laundering and if the allegations levelled by the complainant in the predicate offence is indeed true.»
The main allegation levelled by complainant Vaibhav Gawli is that funds allegedly siphoned from Religare Finvest, a non-bank finance company (NBFC) of the Religare Group, made its way to the companies linked to the open offers, said one of the officials cited, adding that this is what's being studied.
This is the first time a probe agency investigating the Religare-Burman tussle has summoned all the stakeholders.
The Economic Offences Wing (EOW) of the city police, which is also probing the alleged wrongdoing, has so far not called any of the accused for questioning.
The ED has recorded the statement
