Income Tax Department raids the chairman and managing director of ‘Hero Moto’

Hero Motocorp: Income tax department raids chairman and managing director of ‘Hero MotoCorp’. The raids are being carried out on Pawan Munjal’s establishments in Delhi and Gurgaon.

The chairman and managing director of ‘Hero Moto’ were raided by the Income Tax Department.

Hero Motocorp: Big news about Hero Motocorp.┬áThe chairman and managing director of ‘Hero Moto’ were raided by the Income Tax Department.

Income Tax Department raids the chairman and managing director of 'Hero Moto'
Income Tax Department raids the chairman and managing director of ‘Hero Moto’

The raids are being carried out on Pawan Munjal’s establishments in Delhi and Gurgaon. Munjal is accused of tax evasion using fake bills. This action has been taken on that basis. Zee 24 Hours sought the company’s response. However, Hero Moto Corp declined to comment on the raids. 

 On Wednesday, the Income Tax Department raided the office of Pawan Munjal, chairman and managing director of Hero MotoCorp. According to information received, an inquiry has been underway at his Gurgaon home and office since this morning

Pawan Munjal is accused of showing bogus expenses in his account. The income tax department has been conducting raids since this morning. The details of suspicious expenses received by the Income Tax Squad also show the expenses of some in-house companies. The raid is expected to continue till now. At present no official information has been given by the Income Tax Department or Hero MotoCorp.