ED attaches Hero Group CMD's assets worth ₹25crore

In a fresh action against Hero Group CMD Pawan Munjal, the Enforcement Directorate has attached his three properties in Delhi worth Rs25 crore, taking the total attachment to over Rs50 crore in a money laundering case. ED said the money laundering probe is based on a chargesheet filed by Directorate of Revenue Intelligence for allegedly taking forex out of the country illegally. "Foreign currency was drawn in name of employees and handed over to Pawan Munjal's relationship manager," ED stated.