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As part of the FEMA investigation, the Enforcement Directorate searches the Hirandandani property

In response to claims of foreign currency violations, the Enforcement Directorate searched four to five locations of the well-known real estate company Hiranandani in and around Mumbai on Thursday, according to PTI, which cited sources.

The investigation is centered on possible violations of the Foreign Exchange Management Act (FEMA). However, there is no connection between this case and another FEMA inquiry concerning Mahua Moitra, the leader of the Trinamool Congress, who was recently removed from the Lok Sabha.

At the direction of industrialist Darshan Hiranandani, Moitra allegedly targeted the Adani group and Prime Minister Narendra Modi in Lok Sabha inquiry in return for gifts, according to BJP MP Nishikant Dubey. The leader of the Hiranandani group, real estate tycoon Niranjan Hiranandani, is the father of Darshan Hiranandani.

Dubey went on to say that Moitra had harmed national security in order to make money. Rejecting these accusations, Moitra said she was being singled out for bringing up concerns over the transactions made by the Adani company.

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