<p>The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson Pawan Munjal and others as part of a money laundering investigation, official sources said.</p>.<p>The searches were carried out at premises located in Delhi and neighbouring Gurugram in accordance with provisions of the Prevention of Money Laundering Act (PMLA).</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/3k-money-laundering-12k-fema-cases-registered-by-ed-in-last-3-years-centre-1242547.html">3K money laundering, 12K FEMA cases registered by ED in last 3 years: Centre</a></strong></p>.<p>The investigation stems from a Directorate of Revenue Intelligence (DRI) complaint against a person, allegedly close to Munjal, who was investigated on charges of carrying undeclared foreign currency.</p>.<p>The Income Tax Department in March last year raided Munjal and his company Hero Motorcorp, the country's largest two-wheeler automobiles manufacturer, as part of a tax evasion investigation. </p>.<p>Hero MotoCorp became the world's largest two-wheeler manufacturer in 2001, in terms of unit volume sales in a calendar year, and has maintained the title for the past 20 consecutive years.</p>.<p>The company has presence across 40 countries spanning Asia, Africa, and South and Central America.</p>
<p>The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson Pawan Munjal and others as part of a money laundering investigation, official sources said.</p>.<p>The searches were carried out at premises located in Delhi and neighbouring Gurugram in accordance with provisions of the Prevention of Money Laundering Act (PMLA).</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/3k-money-laundering-12k-fema-cases-registered-by-ed-in-last-3-years-centre-1242547.html">3K money laundering, 12K FEMA cases registered by ED in last 3 years: Centre</a></strong></p>.<p>The investigation stems from a Directorate of Revenue Intelligence (DRI) complaint against a person, allegedly close to Munjal, who was investigated on charges of carrying undeclared foreign currency.</p>.<p>The Income Tax Department in March last year raided Munjal and his company Hero Motorcorp, the country's largest two-wheeler automobiles manufacturer, as part of a tax evasion investigation. </p>.<p>Hero MotoCorp became the world's largest two-wheeler manufacturer in 2001, in terms of unit volume sales in a calendar year, and has maintained the title for the past 20 consecutive years.</p>.<p>The company has presence across 40 countries spanning Asia, Africa, and South and Central America.</p>