Kopar Khairane

CEO of Hero Motocorp Pawan Munjal is the subject of a police report in Delhi

<p>Pawan Munjal, the CEO of Hero MotoCorp, and others have been accused by the Delhi Police of forgery, fraud, and fabricating bogus invoices totaling more than Rs 5 crore.<img decoding=”async” class=”alignnone wp-image-225473″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-download-2023-10-09t181730.648-11zon-1.jpg” alt=”theindiaprint.com download 2023 10 09t181730.648 11zon 1″ width=”947″ height=”670″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-download-2023-10-09t181730.648-11zon-1.jpg 267w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-download-2023-10-09t181730.648-11zon-1-150×106.jpg 150w” sizes=”(max-width: 947px) 100vw, 947px” title=”CEO of Hero Motocorp Pawan Munjal is the subject of a police report in Delhi 9″></p>
<p>The current money laundering investigation against Munjal by the Enforcement Directorate is unrelated to this case, however.</p>
<p>The complainant, Roop Darshan Pandey of Brains Logistics Pvt Ltd, named the Hero Motocorp Limited (HMCL) as accused 1, Munjal as accused 2, Vikram Sitaram as accused 3, Hari Pakash Gupta as accused 4, and Manjula Banerjee as accused 5, partner in Deloitte Haskins & Sells Limited, in the FIR, which is in IANS’s possession.</p>
<p>In Hero Motocorp, Sitaram and Gupta are both officers.</p>
<p>According to the FIR, the complainant claimed that Accused 1, 2, 3, and 4 are the establishment’s office bearers and Principle Employers, Accused 5 was the admitted auditor of Accused No. 1 Company in the years 2009 and 2010, and as a result, all of the Accused Herein have jointly committed illegal acts of forgery, cheating, and falsifying the Hero Motocorp’s books of accounts.</p>
<p>“All are held accountable for their individual criminal actions and omissions on a joint and several basis. The complainant company herein is alleged to have created false debit balances totaling Rs 5,94,52,525 against the complainant company herein in its books of accounts and obtained false CENVAT (Service Tax) credits totaling Rs 5,94,52,525 as a result of the accused company no.1 manufacturing fake month-by-month bills totaling Rs 5,94,52,525 of the years 2009 and 2010 in cooperation with the accused companies no. 2 and 3.</p>
<p>‘Hero MotoCorp Limited’ came into existence on July 27, 2011, according to the certificate of incorporation given by the Registrar of Companies, New Delhi, although the phony invoices were never created or filed by the complaint firm in the years 2009 and 2010.</p>
<p>Briefly, it is alleged that the complainant is the only owner of Brains Logistics Solution Company and the promoter in Brains Logistics Pvt. Limited (referred to as “Brains” for short). In order to provide HMCL with labor and associated services, HMCL and Brains agreed into contractual arrangements.</p>
<p>“The complainant company had informed the accused 5 (the then auditor in M/s Fergusons) of the acts of the foregoing acts of forgery and cheating, who stated in reply dated October 16, 2019 that she had audited the accused company’s books of accounts in the years 2009 and 2010 and refused to disclose the contents therein.It is important to note that the above-mentioned acts of forgery and fraud committed by all of the accused here in concert with one another also constitute criminal conspiracy, cheating, and criminal breach of trust, along with other criminal offenses under the Indian Penal Code. As a result, the investigation agency will be required to look into the above-mentioned offenses with the accused here in order to determine the truth and punish the guilty.</p>
<p>The originals of the fake books of accounts and fake bills from the years 2009 and 2010 will need to be seized by the investigating agency during the course of the investigation in order to determine the specific roles of the accused. As a result, a FIR must be filed in order to conduct the search and seize the fake bills and manipulated books of accounts in the accused’s possession.</p>
<p>“Forged and fabricated documents have been generated, forged, and manufactured by the accused herein at the registered address of accused company and subsequently used as genuine documents at several locations in Delhi and Haryana, including before the High Court of Delhi and Ld. Patiala House Court, New Delhi. As a result, the Vasant Kunj (North) police station is having the jurisdiction to register FIR and investigate the forgery allegations against HMCL and all the other defendants.”</p>
<p>According to a senior police officer, the station has filed a complaint under sections 463, 467, 468, 471, 34, 477A, 120B, and 406 of the IPC, and additional investigation is ongoing.</p>
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