IT Attacks on Hero Moto
Income tax officials have raided the offices of Hero MotoCorp, the country’s largest two-wheeler maker, following allegations of tax evasion. An IT official said the company had launched simultaneous attacks on offices across the country on Wednesday morning. Offices and homes of Hero Group Chairman and CEO Pawan Munjal were also searched. It is learned that IT executives have also raided the homes of several top executives belonging to the company. It is learned that IT officials were examining the financial transactions of the company, company promoters, and other documents during the raids.