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Pawan Munjal: HC stays proceedings against Pawan Munjal days after ED attached properties of Hero Moto CMD

The Delhi High Court has stayed the Enforcement Directorate's proceedings against Hero MotoCorp's CMD Pawan Munjal, following an ongoing money laundering investigation. Munjal was accused of using foreign currency issued in the name of others for personal expenditure abroad, overriding RBI rules. The ED seized assets worth Rs 24.95 crore from Munjal's relationship manager.

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Hero MotoCorp shares dive 5% on report Pawan Munjal under ED lens

Hero MotoCorp: The development came after Hero MotoCorp had in an exchange filing on June 17 said that it had received a communication from the Ministry of Corporate Affairs (MCA) seeking certain information from the company.

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BREAKING: I-T dept conducts raids at Hero MotoCorp Chairman Pawan Munjal's residence, office

Searches are underway at his residence and office in Gurgaon since morning.

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Share Market LIVE: Sensex slips 250 points, Nifty below 17,250; Airtel, Kotak Bank, Maruti top losers

Benchmark indices ended lower in volatile trade today despite opening in the green today. Sensex ended 304 points lower at 57,684 and Nifty fell 70 points to 17,245. Of 30 Sensex stocks, 18 ended in the red.

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