The Enforcement Directorate has questioned Niranjan Hiranandani, the promoter of prominent Mumbai-based realty company Hiranandani Group, in a foreign exchange violation case, official sources said Monday.
Niranjan Hiranandani and his son Darshan Hiranandani were asked to join the investigation by the central agency at its office here as part of a probe being conducted under the Foreign Exchange Management Act (FEMA).
Darshan Hiranandani has been living in Dubai for the past several years.
About four premises of the group in and around Mumbai were searched by the Enforcement Directorate (ED) last month.
Apart from some foreign transactions, the agency is stated to be probing into the beneficiaries of a British Virgin Islands-based trust allegedly linked to the Hiranandani Group’s promoters.
The group has said it will co-operate with the ED in this FEMA investigation.
Official sources said this ED probe is not linked to another FEMA investigation being conducted against TMC leader Mahua Moitra, who was recently expelled as a Lok Sabha MP.
