The Burman Family, promoters of the Dabur Group, categorically denied the allegations surrounding the betting app probe on Tuesday. Emphasizing that they have not received any formal communication on the matter, the family asserted in an official statement that the FIR was triggered by vested interests seeking to impede the acquisition of Religare Enterprises Ltd (REL) by the Burman Family.
As per ANI reports, an FIR has been lodged by the Mumbai Police against 32 individuals, including Mohit Burman and Gaurav Burman, in relation to the ongoing investigation into the Mahadev betting app.
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A spokesperson for the Burman Family said, “We have not received any formal communication on any such FIR. However, we have sighted the FIR, which is being circulated to media houses. The FIR is patently false and baseless. Nothing could be further from the truth than as wrongly stated in the FIR.”
“From a copy of the FIR that is being circulated in the media, we note that allegations are being made that Mohit Burman and Gaurav Burman are directly related to some of the accused. Mohit Burman and Gaurav Burman do not even know or have ever met the accused mentioned in the FIR being circulated selectively in the media,” the statement added.
The Burman Family stated that the FIR is instigated by vested interests, characterizing it as an effort to hinder their acquisition of REL.
“Curiously, the FIR comes at a time when the Burman Family has sought to increase its existing shareholding of 21.24 per cent in Religare Enterprises and launched a legitimate open offer under the SEBI Takeover Code. As part of this, the Burman Family brought to the notice of the Board and the regulators certain governance issues being perpetrated by Dr Rashmi Saluja, the current Chairman,” the official statement added.
The Burman Family expressed astonishment, labeling these “coercive actions” as “flagrantly illegal.”
“Nevertheless, we remain resolute that we will proceed with our acquisition of Religare Enterprises as contemplated,” the official statement added.
