Hero Motocorp suffers Big Jolt, Forgery, Conspiracy Case Registered Against Company

A case of fraud and criminal conspiracy has been registered against Hero MotoCorp, one of the largest two-wheeler companies. In this case filed by Delhi Police, the company has been accused of taking tax credit of about Rs 56 lakh by creating fake bills of more than Rs 5.9 crore.

A media Report According to the complaint, the complaint has been filed by Brains Logistics Pvt Ltd and names Hero MotoCorp along with its main employer Pawan Munjal and executives Vikram Sitaram Kasbekar and Hari Prakash Gupta and an auditor. In response to this, Hero MotoCorp has issued a statement that this is an old case and no executives are named in it. The complaint alleges that the company, in connivance with Munjal and Kasbekar, had created fake bills of more than Rs 5.9 crore for 2009 and 2010 and created fake debit balances in its accounts for Brains Logistics Pvt Ltd. It also alleges that Hero MotoCorp had taken fake CENVAT (Service Tax) credit of more than Rs 55 lakh. In this case, Hero MotoCorp has been accused of cheating the Income Tax Department and Brains Logistics Pvt Ltd. It said the company had never issued or deposited fake bills.

Recently Hero MotoCorp launched the Karizma XMR. Company This popular motorcycle has been re-introduced with a new design. The new Karizma has a 210cc engine. Its price is Rs 1,82,900 (ex-showroom). It has a 210cc 4V liquid cooled engine which generates 25.5Ps of power and 20.4Nm of torque. This motorcycle has been made available in Iconic Yellow, Matte Red and Phantom Black colors.

It has features like LCD digital instrument cluster with Bluetooth connectivity, turn by turn navigation, adjustable windshield, slip and assist. This motorcycle has disc brakes in the front and drum brakes in the rear. It has sharp and sleek LED headlamps with LED daytime running lights.