Hero MotoCorp

ED Raids Hero MotorCorp Chairman Pawan Munjal in Money Laundering Case

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Hero MotorCorp

The Enforcement Directorate (ED) has conducted raids at the residence of Hero MotorCorp Chairman, Pawan Munjal, as part of a money laundering investigation. The searches took place at his premises in Delhi and Gurugram, under the provisions of the Prevention of Money Laundering Act (PMLA). The investigation was prompted by a complaint from the Directorate … Read more

Hero MotoCorp Faces Investigation Over Alleged Fund Diversion and Vendor Relationship

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In a significant development, the Corporate Affairs Ministry has initiated an investigation into Hero MotoCorp, the renowned Indian two-wheeler manufacturer, regarding its alleged involvement in fund diversion and the establishment of shell companies. The ministry’s action comes following suspicions raised regarding Hero MotoCorp’s relationship with a third-party vendor. According to a Reuters report, the investigation … Read more