Mumbai: The Enforcement Directorate (ED) carried out raids at multiple offices of the realty major Hiranandani Group, for alleged violations of Foreign Exchange Management Act (FEMA), official sources said here Thursday.
The raids and searches were going on at the Hiranandani Group headquarters in Powai and at least three other offices in Mumbai and adjoining Raigad for alleged violation of foreign exchange regulations.
The operation was to verify possible violations of FEMA laws, and the ED is scanning its financial transactions to check whether they fall within the rules.
Earlier, in March 2022, the Hiranandani Group was targeted by the Income Tax Department which had raided several of its premises in Mumbai, Chennai and Bengaluru for suspected tax evasion by the company.
The source, however, said that the ongoing raid is not linked to another FEMA investigation against TMC leader Mahua Moitra who was expelled as a Lok Sabha MP recently.
BJP MP Nishikant Dubey had accused Moitra of asking questions in Lok Sabha to target the Adani group and Prime Minister Narendra Modi at the behest of businessman Darshan Hiranandani in exchange for gifts.
Darshan Hiranandani is the son of real estate tycoon and promoter of the Hiranandani group, Niranjan Hiranandani.
Dubey had also accused Moitra of compromising national security for monetary gains.
Moitra has denied any wrongdoing and claimed she was being targeted as she had raised questions on the deals of the Adani group.
Agencies
