ED searches on locations of Hiranandani group in Mumbai

The Enforcement Directorate (ED) conducted searches at four premises of the Hiranandani group for alleged violations of FEMA rules. According to a source, the searches were carried out as part of an investigation into irregularities in foreign investments. The Hiranandani group is a prominent real estate developer in India. The ED is looking into possible violations of the Foreign Exchange Management Act (FEMA) by the group. Further details of the investigation are awaited.