Delhi Police took legal action against Hero MotoCorp and its executive chairman, Pawan Munjal, in response to allegations of fraudulent activities done back in the year 2009-10. Brains Logistics Pvt Ltd, a service provider located in Delhi, lodged a complaint on October 5, 2023, claiming that the company and its senior officers were involved in deceptive practices such as forgery, cheating, and manipulation of financial records.
The complainant asserts that, together, the accused allegedly created false monthly bills totalling Rs 5.94 crore during the mentioned period. These bills are marked with the signature and official seal of 'Hero MotoCorp Ltd'. The accused supposedly gained unlawfully from these fabricated bills, acquiring a fraudulent CENVAT (Service Tax) credit of over Rs 55 lakh, misleading both the Income Tax Department and the complainant.
The FIR has identified Pawan Munjal, along with Hero MotoCorp employees Vikram Sitaram Kasbekar, Hari Gupta, and Manjula Banerji, as the individuals implicated in the case. Subsequently, the complainant decided to end its contract with the company.
The FIR states that the accused company allegedly used these false bills in a dishonest manner, presenting them as genuine records before different authorities and forums. Furthermore, it mentions that the accused company allegedly manipulated its accounts for the years 2009 and 2010, resulting in a counterfeit debit balance of Rs 5,94,52,525/- against the complainant company.
Currently, the police are carrying out an investigation regarding this matter. The accused individuals are being charged under various sections of the Indian Penal Code, which include forgery, falsification of accounts, criminal conspiracy, and criminal breach of trust, among other offences.
In response, Hero MotoCorp politely asserts that this relates to a previous disagreement from 2009-10 concerning a service provider, Brains Logistics Pvt. Ltd., who expressed dissatisfaction. Additionally, the company highlights that they filed a report against the same party in 2013, and the legal proceedings are currently underway in the appropriate court.
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