The Income Tax Department has been conducting raids on the homes and offices of MD Pawan Munjal, CEO, Hero MotoCorp, the country’s largest motorcycle manufacturer. IT officials have been searching Munjal’s houses and offices in Gurugram since Wednesday morning. It is learned that simultaneous raids were carried out on the houses of high-ranking officials of the Hero organization along with Munjal. However, neither Hero Company nor the Income Tax Department have officially released any details regarding the IT attacks.
Recently, IT officials conducted searches at 45 locations belonging to leading real estate companies in the Delhi capital area, Chandigarh, Ludhiana, Lucknow and Indore. Based on the information obtained there, it is learned that searches are being carried out in the houses of the officers regarding the company including Pawan.
Hero MotoCorp is the largest two-wheeler manufacturer in the country. It has operations in 40 countries in Asia, Africa, South America, and Central America.