Hiranandani Group news: Foreign Asset case: I-T raids on premises linked to Hiranandani group

Sources said the Income Tax (IT) department is conducting searches at 24 locations on premises linked to Mumbai-based real estate major Hiranandani Group.

These sources said that at present all India searches are going on in Mumbai, Bengaluru and Chennai.

“Raids are on in the case of a foreign asset. The group’s founders, brothers: Niranjan and Surendra, are being questioned in connection with their undisclosed offshore investments in the trust.

The Hiranandani Group was not immediately available for comment.

According to an investigation conducted by the ICIJ in 2021, the group was named in Pandora Papers, which stated that the Hiranandani Group, and prominent members of Niranjan Hiranandani’s family, were beneficiaries of a trust with assets of over $60 million .

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