According to sources, billionaire Niranjan Hiranandani was questioned today by the Enforcement Directorate (ED) regarding a potential foreign exchange violation case.
The 73-year-old promoter of the Hiranandani Group, based in Mumbai, recorded his statement and turned in a few documents, according to news agency PTI.
The Foreign Exchange Management Act (FEMA) probe in Mumbai also included a request for his son Darshan Hiranandani to participate in the investigation by the Enforcement Directorate (ED).
According to a representative of the Hiranandani Group, the company will continue to cooperate fully in submitting the necessary documents, as has been done on several previous occasions, and will show up when required.
Darshan Hiranandani has spent the last few years residing in Dubai.
Last month, the Hiranandani Group’s locations in and around Mumbai were searched by the ED. The real estate group was founded in 1978 and has since built office and residential complexes in Thane’s neighbor and Powai, central Mumbai.
This ED probe is not linked to another FEMA investigation being conducted against Trinamool Congress leader Mahua Moitra, who was recently expelled as a Lok Sabha MP.
BJP MP Nishikant Dubey had accused Ms Moitra of asking questions in Lok Sabha to target the Adani Group and Prime Minister Narendra Modi at the behest of Darshan Hiranandani in exchange for gifts.
Ms Moitra has denied wrongdoing and claimed she was being targeted.
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