Delhi police registers forgery case against Hero MotoCorp, its chairman, ET LegalWorld | Court Practice News


Delhi Police has registered a case against Hero MotoCorp and its chairman, Pawan Munjal, on allegations of forgery and fraud, according to a police representative and a copy of the first information report seen by Reuters on Monday.

The report (FIR) filed by Brains Logistics, which was a service provider to Hero, accused the company, Munjal and others of forgery and falsifying account books.

Hero did not respond to Reuters’ request for comment.

This latest FIR adds to the list of troubles faced by Hero and Munjal.

Indian tax authorities had investigated Hero’s relationship with a vendor suspected of reporting about 900 million rupees ($11 million) in false expenditure, Reuters reported in August.

That was after the country’s Enforcement Directorate (ED) recovered assets worth $3 million from Munjal following a money-laundering investigation.

  • Published On Oct 9, 2023 at 03:18 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETLegalWorld App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App



Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Claudia Goldin Wins Nobel in Economics for Studying Women in the Work Force | Court Practice News

Mon Oct 9 , 2023
The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Claudia Goldin, a Harvard professor, for advancing the world’s understanding of women’s progress in the work force. Ms. Goldin is the third woman to have won the economics Nobel, which was first awarded in 1969, and the first […]

You May Like

Breaking News