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The Hindu
The Hindu
National
The Hindu Bureau

ED seizes assets worth ₹25 crore after raids on Hero Motocorp’s Munjal

ED Enforcement Directorate

The Enforcement Directorate has seized movable assets worth about ₹25 crore during searches in connection with an alleged money-laundering case involving Pawan Kant Munjal, chairman and managing director of Hero Motocorp Limited, and others.

12 locations searched

On Tuesday, 12 locations were searched in Delhi and Gurugram in the case against Mr. Munjal, Hero Fincorp Limited and employees of Salt Experience and Management Private Limited (SEMPL), said the agency in a statement on Wednesday.

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