FIR Against Hero MotoCorp: Delhi Police Files Fraud and Conspiracy Case

In a startling development, the Delhi Police has registered a case of forgery and conspiracy against Hero MotoCorp, one of India’s leading motorcycle manufacturers. The case alleges that Hero MotoCorp was involved in creating fake bills worth ₹5.9 crores and illicitly profiting from tax evasion exceeding ₹55 lakhs. This complaint was lodged by Brains Logistics Private Limited and includes three key executives of Hero MotoCorp Limited – Chairman Pawan Munjal, Officer Vikram Sitaram Kasbekar, and Hari Prakash Gupta. Additionally, it involves the name of an auditor.

The Filed Complaint

On October 5th, the Vasant Kunj North Police Station registered a case under various sections of the Indian Penal Code, including Section 463 (Forgery), Section 467 (Forgery of valuable security, will, etc.), and Section 468 (Forgery for purpose of cheating). The complainant alleges that Hero MotoCorp collaborated with Munjal and Kasbekar to generate fraudulent bills totaling ₹5,94,52,525 for the years 2009 and 2010, falsely representing this amount in their accounts. Furthermore, they assert that in exchange for these bills, a tax benefit of ₹55.51 lakhs was obtained.

Hero MotoCorp’s Response

Hero MotoCorp has responded to these allegations, stating, “This is an old matter dating back to 2009-10 related to an unsatisfied service provider, Brains Logistics Private Limited (promoter – Rup Darshan Pandey). The complainant has mentioned the names of the company’s officials in the complaint. However, no official’s name is present in the primary complaint. Hero MotoCorp had also filed a counter-case against the complainant in 2013, which is pending in court.”

Conclusion

This development in the Hero MotoCorp case raises serious questions about the integrity of corporate practices and the intricacies of financial transactions. As the investigation unfolds, more details will undoubtedly come to light, shedding further light on the allegations and responses.

For more updates on this case and other significant news, stay tuned.