The Enforcement Directorate (ED) is conducting searches at the premises of Hiranandani Group, said a report on Thursday. The searches are in connection with Foreign Exchange Management Act (FEMA) violation, PTI quoted official sources as saying.
About four premises in and around Mumbai were included in the search operation, as per reports.
The investigating agency had received some new inputs in connection with an alleged foreign exchange violation case, News18 reported citing sources. Based on these inputs, the action was taken by ED on February 22.
(This is a developing story. More to follow...)
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