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IT-Raids At Premises Of Hero Motocorp CEO Munjal
The Income Tax officials, carried out searches at the premises owned by officials of Hero Motocorp, in various locations of Gurugram, Haryana. The IT-raids started from March 23 morning, and is underway at residence of the company's senior officials including top promotor and Chairman Pawan Munjal. Besides Munjal, premises linked to other officials of the company are also being searched over allegations of tax evasion, resulting 1.5% stock fall.