BENGALURU (Reuters) -India’s Delhi Police has registered a case against Hero MotoCorp and its chairman, Pawan Munjal, on allegations of forgery and fraud, according to a police representative and a copy of the first information report seen by Reuters on Monday.
The report (FIR), filed by Brains Logistics, accused the company, Munjal and others of forgery and falsifying account books. Brains Logistics provided manpower services to Hero.
Hero, in a statement to the Bombay Stock Exchange, said the matter dated back to 2009-10 and that Hero had also registered an FIR against Brains Logistics in 2013. The matter is ongoing before the court, Hero added.
The latest FIR adds to a list of troubles faced by Hero and Munjal.
Indian tax authorities had investigated Hero’s relationship with a vendor suspected of reporting about 900 million rupees ($11 million) in false expenditure, Reuters reported in August.
That was after the country’s Enforcement Directorate (ED) recovered assets worth $3 million from Munjal following a money-laundering investigation. ($1 = 83.2090 Indian rupees)
(Reporting by Aditi Shah and Nandan Mandayam; Writing by Kashish Tandon; Editing by Savio D’Souza and Janane Venkatraman)
