Salt Experiences News Today

Based on the alleged fake spending by vendor Salt Experiences, Hero MotoCorp received a tax credit, leading to suspected tax evasion of about Rs 16 crore, says a report

Indian tax authorities are investigating motorcycle maker Hero MotoCorps relationship with a vendor suspected of reporting about 900 million rupees in false expenditure, two sources familiar with...

Indias Directorate General of Goods and Services Tax Intelligence is investigating motorcycle manufacturer Hero MotoCorp over its connection with vendor Salt Experiences, suspected of false expenditure reporting of around Rs 900 million ($10.87m). The investigation coincides with a separate exercise by Indias Directorate of Enforcement, which searched 12 premises operated by Hero MotoCorp and founding shareholder Pawan Kant Munjal, seizing $3m in assets.

Indias MCA is also investigating Hero MotoCorps relationship with Salt Experiences in a case related to alleged diversion of funds, two government sources told Reuters in June, adding it was looking into whether the motorcycle maker controls Salt Experiences.

Based on the alleged fake spending by vendor Salt Experiences, Hero MotoCorp received a tax credit, leading to suspected tax evasion of about 160 million rupees, one of the two sources said, speaking on condition of anonymity.

India Business News: The Directorate General of Goods and Services Tax Intelligence (DGGI) is investigating motorcycle maker Hero MotoCorp’s relationship with vendor Salt

The Enforcement Directorate (ED) Tuesday is conducting searches at 11 locations on premises linked to Hero MotoCorp, sources in the know told ET. The probe is reportedly in connection with the DRIs case allegedly pertaining to carrying of excess forex by Amit Bali, an alleged close aide of Pawan Munjal, Chairman, Chief Executive Officer and Managing Director, of Hero MotoCorp

Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorps relationship with a third-party vendor in a case related to alleged diversion of funds. The investigation has been ordered in the "public interest" to probe the ownership structure of Hero MotoCorp and whether it controlled the third-party vendor

Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorps relationship with a third-party vendor in a case related to alleged diversion of funds. The investigation has been ordered in the "public interest" to probe the ownership structure of Hero MotoCorp and whether it controlled the third-party vendor

Indian government orders probe into Hero MotoCorps ownership structure and its relationship with a third-party vendor due to alleged diversion of funds.