Indian authorities seize $3 mln property from Hero MotoCorp's Munjal

Posted on: 10 Nov, 05:42 PM

Key Points

Pawan Munjal, Managing Director and CEO of Hero MotoCorp stands next to an assembly line during the opening of the assembly plant in Villa Rica, Cauca, Colombia, September 8, 2015..

BENGALURU, Nov 10 (Reuters) - India's financial crime agency has seized property worth about 249.5 million rupees ($3 million) belonging to Hero MotoCorp (HROM.NS) Chairman Pawan Munjal in relation to an ongoing money laundering investigation, the agency said on Friday...

The Enforcement Directorate (ED) said it seized three properties in New Delhi, under the country's provisions of The Prevention of Money Laundering Act, 2002...

Full story at Reuters |

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