Hero Motocorp boss Pawan Munjal’s office, residence under income tax raids

NEW DELHI: MARCH. 23 – The income tax department on Wednesday morning conducted searches at multiple premises linked to the top officials of Hero Motocorp, including that of promoter Pawan Munjal, news agency ANI reported, citing sources. Reports said searches at the residence and office in Gurugram started on Wednesday morning. Premises linked to other top officials of the two-wheeler company are also being searched.

Income Tax department conducting searches at multiple premises of Hero Motocorp. The office and residence of promoter Pawan Munjal and premises linked to the top officials of the company are covered in this search. More details awaited: Sources

— ANI (@ANI) March 23, 2022

The raids come following the income tax department’s recent searches at 45 premises across Delhi-NCR, Chandigarh, Ludhiana, Lucknow, and Indore of a leading real estate firm in North India which led to the seizure of unaccounted cash of more than ₹25 crores and jewellery worth ₹5 crores.

More details are awaited.

-Hindustan Times