The Delhi High Court has issued a stay on the proceedings until December 6th, in connection with a first information report (FIR) filed against automobile giant Hero MotoCorp and its Chairman Pawan Munjal, as well as other officials, in relation to an alleged case of bill forgery.
In recent days, the Delhi Police registered an FIR based on a complaint that accuses certain officials of Hero MotoCorp of forgery, falsification of accounts, criminal conspiracy, and cheating.
The individuals named in the FIR are Pawan Munjal, along with Hero MotoCorp executives Vikram Kasbekar and Hari Gupta.
However, the company has released a statement stating that this case is an old matter dating back to 2009-10 and involves a disgruntled service provider, Brains Logistics Pvt Ltd, whose promoter is Roop Darshan Pandey.
According to the complaint, Brains Logistics, a former vendor of Hero Honda Company, alleges that the accused individuals colluded and committed acts of forgery, cheating, and falsifying the books, as well as creating fake month-wise bills. These bills, totaling Rs 5.95 crore for 2009 and 2010, were debited to Brains Logistics.
Brains Logistics claims that their contract with Hero MotoCorp ended on March 31, 2009, and any bills claiming debits after that date are falsified. The complaint also mentions Manjula Banerji, who was the company auditor in 2009 and 2010 and is identified as a partner in Deloitte Haskins & Sells.
Hero MotoCorp argues in their petition that Brains Logistics intentionally misrepresented the documents filed by Hero MotoCorp in arbitration proceedings before the Arbitral Tribunal. The documents in question are alleged to be summary sheets of bills, not the actual monthly bills.
The petition also notes that the company’s name changed from “Hero Honda Motors Ltd.” to “Hero MotoCorp Ltd.” in 2011, and therefore, the documents from 2009 and 2010 cannot be invalidated based solely on the name change. The documents were certified as true copies by the company existing at that time, Hero MotoCorp Ltd.
Separately, in August of this year, the Enforcement Directorate (ED) conducted searches on Pawan Munjal and others as part of an investigation into an alleged money laundering case. The searches took place at Munjal’s residential and business premises in Delhi and Gurgaon, as well as at some linked entities.
In response, Hero MotoCorp released a statement saying that they are cooperating with the ED’s investigation.
Finally, Hero MotoCorp is seeking to have the trial court’s order quashed, along with all other proceedings related to this case.
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