The FIR lodged on October 5 alleges the Munjal of illegal acts of forgery, cheating and falsifying the books of accounts amounting to Rs 5.94 crore and claiming tax credit of Rs 55.5 lakh on the same.
“At the outset the allegations as set out by the complainant herein is that the accused company no.1 (Hero MotoCorp) in collusion with accused no.2 and 3 manufactured fake month wise bills of total Rs. 5,94,52,525/- of the year 2009 and 2010 which said month wise bills are signed and having stamp of ‘Hero MotoCorp Ltd’ and created false debit balance of total Rs. 5,94,52,525/- in its books of accounts against the complainant company herein and have obtained false CENVAT (Service Tax) credit of Rs 55,51,777/- against the fake bills and cheated the Income Tax Department, Government of India and the complainant company herein whereas the fake bills was never issued or submitted by the complainant company in the year 2009 and 2010 since ‘Hero MotoCorp Limited’ came into existence in July 27,2011 in terms of the certificate of incorporation issued by the Registrar of Companies, New Delhi”, the FIR held.
Earlier in August this year, the Enforcement Directorate (ED) had conducted searches against Munjal and others as part of a money laundering investigation. The searches were carried out at the residential and business premises of the 69-year-old billionaire businessman, the promoter of India’s largest two-wheeler manufacturer, in Delhi and Gurugram apart from that of some linked entities.
The raids were launched after the ED registered a case against them under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said. In a statement, the company had at the time said, “Officials from the Enforcement Directorate (ED) today visited two of our offices in Delhi and Gurugram and the residence of our Executive Chairman Dr Pawan Munjal. We continue to extend all cooperation to the agency.”