Hero MotoCorp issues clarification on FIR reports

The world's argest two-wheeler market has issued a clarification on the FIR filed by the Delhi police for allegedly falsifying accounts and availing tax credits on fake bills. According to reports, Pawan Munjal, Chairman, Hero MotoCorp along with four other people had been accused of availing tax credits on fake bills generated by his company.

Responding to the reports, Hero MotoCorp issued a statement saying that the news is related to an old matter pertaining to the year 2009-10 with a disgruntled service provider, Brains Logistics (Promoter – Roop Darshan Pandey).

It may also be noted that while the complainant has mentioned company officials in the complaint, no official has been named in the FIR. In 2013, Hero MotoCorp also registered an FIR against them, and the matter is ongoing before the competent court.