Key Points
Mumbai: The Enforcement Directorate (ED) Thursday conducted searches on premises linked to city-based realtor, the Hiranandani group in connection with alleged forex violations, sources in the know told ET...
Sources added that the probe is connections with the investments in a trust based in a tax haven in which the promoter and his family members are alleged beneficiaries...
Hiranandani group was named in the Pandora Papers a leak of close to 12 million financial documents revealing hidden wealth, tax evasion and money laundering by some of worlds rich and powerful by ICIJ, or International Consortium of Investigative Journalists...
As per the documents, Hiranandani Group and key members of Niranjan Hiranandanis family were beneficiaries of a trust with assets of over $60 million...
