Dabur loses over 1.5% after ED seizes assets worth Rs 21 crore from Pradip Burman

Dabur India lost a little over 1.5 percent in the morning trade on Tuesday after agencies reported seizure of assets worth Rs 21 crore from Pradip Burman, Director of the firm.
The stock has touched an intraday high of Rs 372.55 and an intraday low of Rs 366.20.
Enforcement Directorate seizes assets worth Rs. 20.87 Crores of Pradip Burman, the Director of Dabur India Ltd. in lieu of assets held abroad under section 37A of Foreign Exchange Management Act, Twitter Ads info and privacy
News agency ANI reported that the Enforcement Directorate seized assets worth the amount in lieu of assets held abroad under Section 37A of Foreign Exchange Management Act, 199 (FEMA).
“The seizure order has been issued pursuant to investigation which revealed that prima-facie Burman deposited USD 32,12,000 in his account with HSBC, Zurich.