Money Laundering Probe: ED Conducts Searches At Hero MotoCorp CEO Pawan Munjal’s Residence

The Enforcement Directorate (ED) on Tuesday conducted search on the chairman of Hero MotorCorp, Pawan Munjal and others, after taking cognisance of a Directorate of Revenue Intelligence (DRI) case. The searches were carried out at premises located in Delhi and neighbouring Gurugram in accordance with provisions of the Prevention of Money Laundering Act (PMLA), Hero MotoCorp became the world's largest two-wheeler manufacturer in 2001, in terms of unit volume sales in a calendar year, and has maintained the title for the past 20 consecutive years