Income Tax department start raids in the well known two wheeler company Hero MotoCorp on 23rd March morning. The company currently present in the 40 countries including Asia, Africa, South America and Central America.
At multiple premises of this 2 wheeler company Hero MotoCorp, the Income Tax (IT) Department conducted its searches. They also search the promoter Pawan Munjal’s office and residence.
The search conducted at the residence and office in Gurugram. There are many premises that are linked to the other top officials two wheeler company Hero MotoCorp. Those premises are also being searched by the income tax department.
They raids total 45 premises across Delhi-NCR, Chandigarh, Ludhiana, Lucknow and Indore of this leading North India’s real estate firm. This search is led to the seizure of total jewellery worth Rs.5 crore and total unaccounted cash of more than Rs.25 crore.
