ED searches on locations of Hiranandani group in Mumbai

The Enforcement Directorate (ED) conducted searches at four premises of the Hiranandani group for alleged violations of FEMA rules. According to a source, the searches were carried out as part of an investigation into irregularities in foreign investments. The Hiranandani group is a prominent real estate developer in India. The ED is looking into possible violations of the Foreign Exchange Management Act (FEMA) by the group. Further details of the investigation are awaited.

from Times of India https://ift.tt/DklGM9J