The Enforcement Directorate has attached three immovable properties worth Rs 24.95 crore to Hero Moto s CMD Pawan Munjal, with the total value of the seizure and attachments now estimated at Rs 50 crore. The prosecution complaint alleges that foreign currency equivalent to Rs 54 crore was illegally taken out of India.
ED Seizes Hero Moto s Pawan Munjal s Assets Worth Rs 24 95 Crore outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Pawan Munjal Pay Cut: Hero MotoCorp s board has approved a 20% reduction in Chairman Pawan Munjal s fixed salary. Munjal previously decided to separate the roles of Chairman and CEO and appoint a CEO. In FY23, he earned INR 99.6 crore, an 18% increase from FY22. The new remuneration would be effective January 1, 2024.
The Delhi High Court has issued a stay on proceedings in a first information report (FIR) filed against Hero MotoCorp and its Chairman Pawan Munjal in an alleged bill forgery case. The FIR, filed by the Delhi Police, accuses certain officials of Hero MotoCorp of forgery, falsification of accounts, criminal conspiracy, and cheating. Hero MotoCorp has stated that the case is an old matter dating back to 2009-10 and involves a disgruntled service provider.
The Delhi High Court has issued a stay on proceedings in a first information report (FIR) filed against Hero MotoCorp and its Chairman Pawan Munjal in an alleged bill forgery case. The FIR, filed by the Delhi Police, accuses certain officials of Hero MotoCorp of forgery, falsification of accounts, criminal conspiracy, and cheating. Hero MotoCorp has stated that the case is an old matter dating back to 2009-10 and involves a disgruntled service provider.