Delhi Police initiated legal action against Hero MotoCorp following allegations of creating fake bills amounting to ₹5.9 crore and claiming a false tax credit of ₹55 lakh.
Allegations of Forgery and Conspiracy
Delhi Police has recently registered a case involving forgery and criminal conspiracy based on a complaint filed against Hero MotoCorp, one of India’s leading two-wheeler manufacturers. The complaint, lodged by Brains Logistics Pvt Ltd, alleges that Hero Moto Corp engaged in fraudulent activities by generating counterfeit month-wise bills totaling ₹5,94,52,525.
Indian police registers forgery case against Hero MotoCorp, its chairman https://t.co/LaDIERWxrK pic.twitter.com/fSSnowtrzk
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Accusations and Response against Hero MotoCorp
The complainant’s allegations extend to Hero MotoCorp’s top executives, including the principal employer Pawan Munjal, and officials Vikram Sitaram Kasbekar and Hari Prakash Gupta. The complaint asserts that Hero MotoCorp, in collusion with these individuals, manufactured fictitious bills covering the years 2009 and 2010, leading to false debit balances in their accounting records against Brains Logistics.
Hero has issued a response, stating that the matter is dated and that no official has been named in the FIR. They allege that the complainant, Brains Logistics Pvt Ltd, is a disgruntled service provider linked to Roop Darshan Pandey.
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The complaint filed against Hero Moto Corp includes accusations of fraudulent tax claims. It claims that Hero MotoCorp obtained an unjust CENVAT (service tax) credit of ₹55,51,777 by using the fabricated bills. The complainant argues that these fake bills were never issued or submitted by them in 2009 and 2010 because ‘Hero MotoCorp Limited’ only came into existence in July 2011.
Contractual Matters
The complaint also highlights the contractual relationship between Hero MotoCorp and Brains Logistics. It asserts that Hero MotoCorp engaged Brains Logistics for various services, including manpower. However, the contract agreement expired on March 31, 2009, and was not renewed further.
To address the alleged financial irregularities and fake bills, Brains Logistics approached the Registrar of the Company in New Delhi, seeking verification of the total ₹5,94,52,525 purportedly owed by the complainant.
Legal Actions and Ongoing Disputes
The case was officially registered on October 5 at Vasant Kunj North police station. It includes several sections of the Indian Penal Code. Things such as forgery, criminal conspiracy, falsification of accounts, and criminal breach of trust. Both parties have initiated legal actions against each other. The matter is currently before the competent court.
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The investigation will determine the accuracy of the claims made by both Hero MotoCorp and Brains Logistics. It will shed light on a complex legal matter within the business world.
