India's Hero MotoCorp faces tax probe over links to vendor, sources say
India's 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.
Source: indiatimes.com