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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.
Shares of Hero MotoCorp tanked over 4% on Tuesday, following media reports on the Enforcement Directorate (ED) conducting raids at the residence of Hero MotoCorp Chairman Pawan Munjal. Watch this Visual Story to check Hero MotoCorp share price, ED raid details, and more.
Earlier in June, hours, after minister V Senthil Balaji was taken into custody by the Enforcement Directorate (ED), Tamil Nadu minister Ponmudi, termed it a "revengeful act" and claimed that the Centre was doing wrong against states where there is a non-BJP government. ED Raid on K Ponmudi: Enforcement Directorate Raids Tamil Nadu Higher Education Minister's Residence in Chennai and Viluppuram (Watch Video).
Former Chief Minister of Jammu and Kashmir, Mehbooba Mufti, has criticised the government for continuing to carry out raids by the NIA, SIA and ED, as well as arresting and threatening young people, religious leaders and the media. She has accused the government of presenting a false impression of normalcy in J&K, claiming that the territory has been turned into an “open jail”.
Officials of Enforcement Directorate (ED) seized Rs 1.62 crore in cash, including Rs 1 crore in notes of Rs 2,000 denomination, during a raid at premi