Hiranandani Constructions director gets interim bail

The Central Bureau of Investigation had issued the director of Hiranandani Constructions, Niranjan Hiranandani, a look-out notice in connection with an alleged PF Scam before a special court granted him interim anticipatory bail. The look-out notices were issued to all airports in India against both Hiranandani brothers, Niranjan and Surendra.

 

“Special CBI Judge SP Hayatnagarkar granted Niranjan interim bail on a bond of Rs 1 lakh till August 13, when the CBI has been directed to file its reply.”

 

Niranjan was instructed to attend the CBI office as and when called for questioning. Darshan Hiranandani, son of Niranjan, said, “Immediately after he was informed about the development, he flew back to Mumbai. He had been abroad on a business meeting.”

 

Source: http://www.indianexpress.com/news/niranjan-hiranandani-gets-interim-bail/656140

How the Hiranandani Constructions brothers landed in the CBI net

It emerged that the infamous provident scam that landed the Hiranandani brothers in an inspection from the Central Bureau of Investigation (CBI) all stemmed from a separate investigation into government officers in an illegal assets case back in 2007. Little did they know that three years down the line, its findings would expose a forgery by the directors of Hiranandani Constructions.

A CBI officer stated, “We found that a surprise inspection of Hiranandani office was carried by Employee Provident Fund (EPF) officers on March 4, 2006. The reports said that Hiranandani had evaded EPF of 137 employees.

In 2007, in a separate case, the CBI raided houses of the two provident fund commissioners accused in an illegal assets case and it was during this investigation, that they stumbled upon papers related to the EPF of Hiranandani builders. It was at this point that the CBI started to put the pieces of the jigsaw together.

CBI’s DIG Praveen Salunkhe stated, “When the Hiranandanis came to know that the CBI was behind them, they called a meeting of all the contractors and told them to prepare forged documents and registers for their employees and their EPF.” 

The CBI found documents such as false wage records of site workers that were forged by the Hiranadanis to evade the provident fund liabilities. The Hiranandani directors had prepared false details of provident fund contribution which allowed the Hiranandani Group to get undue benefit.

The CBI filed a chargesheet that to this day is the longest in history at 45,373 pages.

Source: http://www.mid-day.com/news/2010/oct/201010-CBI-Hiranandani-Construction-EPF-team-mumbai.htm

Hiranadani Constructions brothers in CBI dock for alleged provident fund scam

Niranjan Hiranadani, Managing Director of Hiranandani Constructions was the centre of an investigative case by the Central Bureau of Investigation (CBI) and the Anit-Corruption Bureau (ACB) Mumbai.

“A case has also been filed against Niranjan’s brother Surendra Hiranadani, who is considered as the engineering genius behind the Hiranandani Group, and eight others.”

The two brothers were investigated in relation to an employees’ provident fund (EPF) scam case along with 8 others after being accused of “cheating the Employees Provident Fund Department of about Rs 168 crore by not paying the provident fund dues of workers employed through contractors in various projects.”

Source: http://moneycontrol.com/news/legal/hiranandani-broscbi-dock-for-alleged-pf-scam_475248.html