Niranjan Hiranandani, his son fail to appear before ED; cite reasons
The group was also named in the Pandora Papers published by The Indian Express.
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The ED had conducted searches on the premises of real estate major Hiranandani Group in and around Mumbai in connection with the FEMA case. (Rrepresentational Image)BUILDER NIRANJAN Hiranandani and his son Darshan, who had been summoned by the ED on Saturday in connection with a Foreign Exchange Management Act (FEMA) violations case, did not appear before the agency.
While Niranjan cited health concerns for his inability to appear before the agency, his son Darshan told the agency that he would be able to appear before the agency on March 4. On Thursday, ED had conducted searches on the premises of real estate major Hiranandani Group in and around Mumbai in connection with the FEMA case.
A Hiranandani group spokesperson said, “No summons were received for 26th February by any member of the Hiranandani group. All details were provided to ED and further details shall be provided (if required). We will continue to cooperate fully. The group remains confident that this 15-year-old matter poses no FEMA violations by the group whatsoever.”
Niranjan Hiranandani and his family members were the alleged beneficiaries of an offshore trust, which had accumulated assets of more than USD 60 million. The group was also named in the Pandora Papers published by The Indian Express.
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