Hero MotoCorp's Pawan Munjal's Properties Worth Rs 24.95 Crore Seized

Enforcement Directorate attached assets ofHero MotoCorp executive chairperson Pawan Munjal as part of a money laundering investigation against him.

The Enforcement Directorate on Friday said it has attached assets worth Rs 24.95 crore of Hero MotoCorp executive chairperson Pawan Kant Munjal as part of a money laundering investigation against him.

Three immovable properties of Pawan Munjal located in Delhi have been provisionally attached under the provisions of the Prevention of Money Laundering Act (PMLA), the central agency said in a statement.

Pawan Munjal, it said, is the CMD and Chairman of Hero MotoCorp Ltd and the assets are worth about Rs 24.95 crore.