The Enforcement Directorate on Thursday searched four to five premises of prominent real estate group Hiranandani in and around Mumbai on charges of foreign exchange violations, official sources said.
The probe pertains to alleged contravention of the Foreign Exchange Management Act, the sources said. It is not linked to another FEMA investigation against TMC leader Mahua Moitra who was expelled as a Lok Sabha MP recently.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.