Mumbai's Real Estate Tycoons Niranjan And Darshan Hiranandani Summoned By ED

The Enforcement Directorate (ED) has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the prominent promoters of Mumbai-based real estate giant Hiranandani Group, for questioning in connection with a foreign exchange violation case, according to official sources
Mumbai's Real Estate Tycoons Niranjan And Darshan Hiranandani

Mumbai's Real Estate Tycoons Niranjan And Darshan Hiranandani (Image Source: Twitter)

The Enforcement Directorate (ED) has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the prominent promoters of Mumbai-based real estate giant Hiranandani Group, for questioning in connection with a foreign exchange violation case, according to official sources.
According to the PTI report, the scheduled questioning is set to take place on February 26 at the central agency's office in Mumbai. However, the Hiranandanis have the option to provide their initial responses through an authorized representative.
Darshan Hiranandani, currently residing in Dubai for several years, is also implicated in the case. Last week, the ED conducted searches at approximately four properties associated with the Hiranandani Group in and around Mumbai under the provisions of the Foreign Exchange Management Act (FEMA). The report added that the investigation reportedly involves foreign transactions and scrutinizes the beneficiaries of a trust based in the British Virgin Islands (BVI), allegedly linked to the Hiranandani Group promoters.
The Hiranandani Group has expressed its commitment to cooperating with the ED in the FEMA investigation. It is important to note that the ED's probe into the Hiranandani case is distinct from another ongoing FEMA investigation involving TMC leader Mahua Moitra, who was expelled as a Lok Sabha MP in December last year.
The ED is looking into potential violations without any apparent connection to the allegations against Moitra. Earlier, BJP MP Nishikant Dubey had accused Moitra of targeting the Adani Group and Prime Minister Narendra Modi in her Lok Sabha questions, allegedly at the behest of Darshan Hiranandani, in exchange for gifts. Dubey further claimed that Moitra compromised national security for financial gains. Moitra vehemently denied any wrongdoing and asserted that she was being targeted due to her scrutiny of Adani Group deals.
(With Inputs From PTI Agency)
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