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MCA Launches Investigation into Alleged Fund Diversion by Hero MotoCorp

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The Indian Ministry of Corporate Affairs is investigating Hero MotoCorp for alleged corporate governance issues and concerns over the true ownership of linked companies. The investigation is under the Companies Act and comes amidst speculation over the financial conduct of leading Indian companies. Despite the ongoing pandemic, Hero MotoCorp's financial stability has been demonstrated by a significant upturn in net profit and sales. It remains to be seen if the investigation will impact the company's ambitious expansion plans.

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