Rs 25 Crore Worth Of Cash, Jewellery Seized In Raids On Pawan Munjal

The federal agency had on Tuesday raided the businessman’s residence and offices in Delhi and Gurugram, apart from some other entities as part of a money laundering investigation.

ED issued a statement on Wednesday on the searches but did not elaborate on the exact amount of seizure made from each of those raided.

Hero MotoCorp said on Tuesday that it was extending all cooperation to the ED.

According to the ED statement, it seized “foreign and Indian currencies and gold and diamond jewellery (including foreign origin gold) worth about ₹25 crore apart from incriminating documents, hard disks and mobiles were seized from the residential and business premises of Munjal, Hemant Dahiya, KR Raman, Hero MotoCorp Limited and Hero Fincorp Limited”.