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Niranjan Hiranandani gets anticipatory bail

Hiranandani Group director, Niranjan Hiranandani, against whom CBI had issued a look-out notice in connection with an alleged over Rs nine crore Provident Fund scam, was today granted anticipatory bail by a special court.



Mumbai: Hiranandani Group director,
Niranjan Hiranandani, against whom CBI had issued a look-out
notice in connection with an alleged over Rs nine crore
Provident Fund scam, was today granted anticipatory bail by a
special court.

CBI had yesterday issued look-out notices to all
airports in the country against Niranjan and his brother
Surendra, another director of the group.

The duo has been named as accused in an FIR lodged by
CBI on March 29, 2008 for an alleged fraud in provident fund
deposits.

"Niranjan, who was out of Mumbai, flew in immediately
and approached the court seeking anticipatory bail," Darshan
Hiranandani, another director said, adding Surendra would seek
anticipatory bail tomorrow after arriving in the city.

While granting anticipatory bail to Niranjan, special
CBI judge S P Hayatnagarkar observed that his custodial
interrogation was not required.

Niranjan`s lawyer Harshad Ponda argued that both
Niranjan and Surendra have been in constant touch with the CBI
in connection with the case and have even been to the agency`s
office several times for questioning.

According to the Anti-Corruption wing of CBI,
Hiranandani group had not deposited provident fund of their
employees in 2003-04.

The alleged non-payment, as per a report filed by the
Employee Provident Fund Organisation (EPFO) in its
departmental enquiry, is to the tune of Rs 9.36 crore.

Apart from the two directors, two employees of the
group and four officers from EPFO have also been shown as
accused in the case.

A special CBI court had last week granted anticipatory
bail to two employees - Joseph Reddy, the general manager, and
Cyrus Pithawala, the project director of the company.

-PTI

From Zee News

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