According to ED sources, the agency sleuths carried out the searches at premises of Munjal and 10 others.
The source said that the financial probe agency’s action was based on the complaint by the Directorate of Revenue Intelligence (DRI) case against Munjal.
The DRI team had found foreign currency from Munjal’s premises, the source claimed.
However, the officials of the ED remained tight-lipped on the case and searches against Hero Moto Corp chairman.
Further details were awaited.