Interim bail handed to Niranjan Hiranandani

Anticipatory bail was handed to Niranjan Hiranandani after the Central Bureau of Investigation (CBI) had issued a look-out notice to both him and his brother Surendra, both of whom are directors at the Hiranandani Group.

“The CBI had on Tuesday issued look-out notices to all airports in the country against Niranjan and brother Surendra, another director of the group.”

Niranjan was forbidden from leaving the country and was required to attend the CBI office as and when called for questioning. He was said to have been abroad on a business meeting when informed of the news and was required to fly back to Mumbai immediately.

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

How the Hiranandani brothers found themselves under CBI investigation

The trail of the infamous Hiranandani Constructions provident fund scam case dates back to an investigation into illegal assets back in 2007 in which the Central Bureau of Investigation (CBI) raided the houses of two provident fund commissioners. However, during this investigation, they happened to stumble upon papers relating to the Employee Provident Fund (EPF) of Hiranadani builders.

“The CBI said that they started putting together all the information about the Hiranandani firm and their contractors to see whether they were paying EPF to their employees. “

It was found that fraudulent documents had been produced by the Hiranadani brothers, including false wage records of building site workers.

“Niranjan and Surendra had conspired with EPF officials and prepared bogus details of PF contributions. Such contributions were never made and the Hiranandani Group was allowed to get undue benefit.”
 
The CBI made a record by filing the longest charge sheet until this day: 45,373 pages. 

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

Directors of Hiranadani Constructions investigated by the CBI in relation to provident fund scam

A case was filed against brothers, Niranjan and Surendra Hiranandani over accusations that the Hiranadani group failed to deposit provident funds into the accounts of their employees. The two directors along with 8 others were accused of cheating the Employees Provident Fund Department of about Rs 168 crore.

“The Hiranandani brothers are also accused of conspiring with some EPF officials to close the matter illegally by depositing only Rs 2.92 lakh as provident fund dues.”

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