Niranjan Hiranandani. File
| Photo Credit: M. Karunakaran
The Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of distinguished Mumbai-based actual property developer Hiranandani Group, for questioning in a overseas change violation case on February 26, official sources mentioned on Sunday.
The Hiranandanis have been requested to depose on the central company’s workplace in Mumbai however they might select to submit their main responses by an authorised consultant, they mentioned.
Darshan Hiranandani has been residing in Dubai for the final a few years.
About 4 premises of the Hiranandani Group in and round Mumbai had been searched by the ED final week beneath the provisions of the Foreign Exchange Management Act (FEMA).
Apart from some overseas transactions, the company is alleged to be probing the beneficiaries of a British Virgin Islands (BVI)-based belief allegedly linked to the Hiranandani Group promoters.
The group has mentioned it is going to cooperate with the ED in this FEMA investigation.
Official sources mentioned the ED probe isn’t linked to a different FEMA investigation being carried out in opposition to TMC chief Mahua Moitra, who was expelled as a Lok Sabha MP in December final 12 months.
BJP MP Nishikant Dubey had accused Moitra of asking questions in the Lok Sabha to focus on the Adani Group and Prime Minister Narendra Modi on the behest of Darshan Hiranandani in change for presents.
Mr. Dubey had additionally accused Ms. Moitra of compromising nationwide safety for financial positive aspects.
Ms. Moitra has denied any wrongdoing and claimed she was being focused as she had raised questions on offers of the Adani Group.
