Last Updated: November 10, 2023, 12:30 IST
File picture of Hero MotoCorp chairman Pawan Munjal.
Pawan Munjal News: The complete worth of seizure and attachment stands at roughly Rs 50 crore, the investigating company stated.
Hero MotoCorp chairman Pawan Munjal’s three properties in New Delhi, price Rs 24.95 crore, has been hooked up by the Enforcement Directorate (ED) below the provisions of Prevention of Money Laundering Act, 2002. The complete worth of seizure and attachment stands at roughly Rs 50 crore, the investigating company stated.
This comes a day after the Delhi High Court had put a keep on proceedings associated to undisclosed international forex in opposition to Munjal.
The Court had stated that the keep will apply to all instances emanating from the matter until the subsequent date of listening to in February subsequent 12 months.
The matter dates again to 2018 when Amit Bali, an alleged shut aide of Pawan Munjal was detained on the airport for carrying Rs 81 lakh in undisclosed international alternate.
Directorate of Revenue Intelligence had launched a probe which, in line with studies, revealed that between 2014-2019 Amit Bali and Salt Experience and Management Private Limited had illegally despatched Rs 54 crores in international forex to totally different international locations for the private use of Pawan Munjal.
The Enforcement Directorate, the IT division and the Ministry of Corporate Affairs had launched separate probes on the premise of the DRI case. During searches carried out, the ED had seized belongings price Rs 25 crores belonging to Pawan Munjal.
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