The Enforcement Directorate (ED), the federal agency responsible for investigating money laundering and other financial irregularities, on Tuesday conducted searches at the premises of two-wheeler maker Hero MotoCorp Ltd and the residence of executive chairman Pawan Munjal, two people familiar with the development said.
The company said it was cooperating with the agency. “Officials from the Enforcement Directorate 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," the company informed the stock exchanges.
ED investigates money laundering and violations of foreign exchange management law, among others, and often closely cooperates with other investigating agencies.
この記事は Mint Mumbai の August 02, 2023 版に掲載されています。
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