Monday 28 November 2011

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.”