Feb. 26: ED summons promoters of the Hiranandani Group in the FEMA case

The proprietors of the well-known Mumbai-based real estate firm Hiranandani Group, Niranjan Hiranandani and his son Darshan Hiranandani, were called by the Enforcement Directorate on Sunday to appear in court on February 26 in connection with a foreign currency violation case.

The Hiranandanis may want to submit their principal replies via an approved agent, they added, but they have been invited to testify at the central agency’s headquarters in Mumbai.

For a long time, Darshan Hiranandani has resided in Dubai.

The cluster of buildings housing Enforcement Directorate in New Delhi.
Enforcement Directorate looks into the Hiranandani group as part of a FEMA investigation
In accordance with the Foreign Exchange Management Act, the ED searched around four Hiranandani Group locations in and around Mumbai last week.

Aside from some international transactions, the agency is also investigating the beneficiaries of a trust established in the British Virgin Islands (BVI) that is purportedly connected to the founders of the Hiranandani Group.

The organization has said that it would assist the ED in this FEMA probe.

According to official sources, there is no connection between the ED inquiry and the ongoing FEMA investigation into Mahua Moitra, the leader of the TMC, who was removed from the Lok Sabha in December of last year.

Nishikant Dubey, a BJP MP, has accused Moitra of using the Lok Sabha to attack Prime Minister Narendra Modi and the Adani Group at Darshan Hiranandani’s request in return for presents.

Additionally, Dubey had charged Moitra with jeopardizing national security in order to enrich himself.

Moitra has denied any misconduct and said that she was singled out due to her inquiries on transactions with the Adani Group.

The cluster of buildings housing Enforcement Directorate in New Delhi.
Mahua Moitra acknowledges providing Hiranandani with her Parliament login credentials, but she disputes receiving money.