The Delhi Police has initiated legal proceedings against Hero MotoCorp, filing a case of forgery and criminal conspiracy based on allegations from Brains Logistics Pvt Ltd. The complainant asserts that Hero MotoCorp manufactured counterfeit bills amounting to Rs 5.9 crore, obtaining tax credit exceeding Rs 55 lakh.
The complaint specifically targets Hero MotoCorp Limited and its key figures, including principal employer Pawan Munjal, and officials Vikram Sitaram Kasbekar and Hari Prakash Gupta, along with an auditor. According to the FIR, the alleged forgery involved the creation of fake month-wise bills for the years 2009 and 2010, resulting in a false debit balance in the books of accounts against Brains Logistics. Additionally, Hero MotoCorp is accused of obtaining a false CENVAT (service tax) credit of Rs 55,51,777 against these fake bills.
Hero MotoCorp responded to the accusations, categorizing them as an old matter and emphasizing that no official has been named in the FIR. The company claims the complainant, Brains Logistics Pvt Ltd, is a disgruntled service provider associated with Roop Darshan Pandey.
The complainant contends that Hero MotoCorp, in collusion with Munjal and Kasbekar, generated fraudulent bills, and cheated the income tax department and Brains Logistics. The alleged fake bills were supposedly created before ‘Hero MotoCorp Limited’ came into existence in July 2011.
The FIR outlines that Hero MotoCorp, through falsifying its books of accounts, established a false debit balance of Rs 5,94,52,525 against Brains Logistics for 2009 and 2010. The complaint asserts that the accused company entered into contract agreements with Brains Logistics for manpower and related services, but the contract expired on March 31, 2009, and was not renewed.
The case, registered on October 5 at Vasant Kunj North police station, invokes various sections of the Indian Penal Code, including forgery, criminal conspiracy, and falsification of accounts. Hero MotoCorp, in its statement, maintains that this matter dates back to 2009-10 and involves a disgruntled service provider. Notably, the company has registered an FIR against Brains Logistics in 2013, and the legal proceedings are ongoing in the competent court.