Hero MotoCorp Faces Allegations of Forgery and Fraud in India

India’s leading motorcycle manufacturer, Hero MotoCorp, and its chairman, Pawan Munjal, are facing allegations of forgery and fraud as the Delhi Police has registered a case against them. The case was filed by Brains Logistics, a former service provider to Hero, accusing the company, Munjal, and others of forgery and falsifying account books.

This latest development adds to the list of challenges faced by Hero MotoCorp and Pawan Munjal. In August, Indian tax authorities had investigated the company’s relationship with a vendor suspected of reporting false expenditures of approximately 900 million rupees ($11 million). Additionally, the Enforcement Directorate (ED) had previously recovered assets worth $3 million from Munjal following a money-laundering investigation.

Hero MotoCorp has not yet responded to Reuters’ request for comment regarding the recent allegations. The company’s reputation and business operations may be affected as it navigates through these legal challenges.

As the case unfolds, it remains to be seen how Hero MotoCorp and Pawan Munjal will address the allegations and work towards resolving the situation. The outcome of this case will have implications for the company’s stakeholders and the wider business community in India.