Pradeep Burman of the Dabur family, an accused black money holder, had initially tried to hide the existence of his Swiss Bank account from the Income Tax Department.
This fact and other details regarding Burman’s Swiss bank account have been spelled out in documents filed by the Income Tax department.
Burman allegedly tried to hide the details of his account from the IT Departmnet, but the details finally did come to light and Burman then even agreed to pay tax over the 35 lakh dollars deposited in it.
In further investigations, Burman himself gave the details of his account in HSBC Bank Zurich.
Apparently his account in HSBC Bank Zurich was was opened when he was living in Dubai. In fact Burman himself did not visit Switzerland for it, rather it was another Dubai resident who completed the formalities for him.
Burman further old the authorities that the account was operated via fax and telephone calls. He would send in instructions to the Bank via fax, and once the transaction was completed, the bank would give him a confirmatory phone call.
Interestingly, Burman told the authorities that he had sent in a fax instructing the bank to close the account, but neither could Burman produce a copy of the fax nor did he recall the contact numbers he used.