The biggest bike manufacturer in India, Hero MotoCorp has been sued by the Delhi Police based on a complaint by Brains Logistics. The allegations are that Hero MotoCorp fabricated fake bills worth ₹5.9 crore and obtained a tax credit of over ₹55 Lakh.
The complaint has been filed against the manufacturer along with three of its office bearers and an auditor. Three office bearers included are principal employer Pawan Munjal, and officials Vikram Sitaram Kasbekar and Hari Prakash Gupta.
In response, Hero issued a statement saying that it was an old matter and no official has been named in the FIR. It said that the complainant was a disgruntled service provider promoted by Roop Darshan Pandey. The CEO of Hero MotoCorp, Pawan Munjal, considered one of the top CEOs of India, also faces these allegations from the complainant.
The complainant also said that his company was hired on a contractual basis to provide manpower and logistic-related services. He said that his contract was renewed from time to time but it ended on 31 March 2009 and wasn’t renewed after that. Some of the bills made by Hero MotoCorp are from 2010, which is not possible as he was no longer in contract with the manufacturer.
The case was registered on October 8 in Vasant Kunj under sections 463 (forgery), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating), 471 (using a forged document as genuine), 34 (common intentions), 477A (falsification of accounts), 120B (punishment of criminal conspiracy) and 406 (punishment for criminal breach of trust) of the Indian Penal Court.