ED Raids Hero Moto chairman Pawan Munjal’s residence.

Case has been registered under PMLA by Ed against and they recently directorate of Revenue Intelligence had caught a passenger with huge amount of foreign currency which is linked to hero MotoCorp and Pawan Munjal leading to raids at their house and official premises of Pawan Munjal and Hero motor.

Recently earlier also income tax department had conducted raid and found serious lapses when it comes to accounting of money and also not declaring the entire profits that were earned by the company.

First the Income Tax Department, then the DRI and now the ED are raiding back-to-back three investigative agencies conducting investigation against hero MotoCorp