FEMA case: ED conduct searches at multiple premises of Hiranandani Group in Mumbai
FEMA case: The Enforcement Directorate (ED) on Thursday conducted searches at multiple premises of the Hiranandani Group in Mumbai on charges of violations under the Foreign Exchange Management Act (FEMA).
Exact details about the charges that were framed against the Group were not known at the time of filing this report.
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The Hiranandani Group is a prominent real estate conglomerate based in India. Founded by Niranjan Hiranandani and Surendra Hiranandani in 1978, the group has made significant contributions to the development of residential and commercial properties in various cities across the country.
Over the years, the Hiranandani Group has expanded its footprint beyond real estate to include sectors such as healthcare, education, hospitality, and infrastructure development.
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