CBI issues look-out notices against Hiranandanis
The CBI has issued look-out notices to all airports in the country against two directors of the Hiranandani Group in connection with an alleged over Rs nine-crore Provident Fund (PF) scam.
Mumbai: The CBI has issued look-out notices
to all airports in the country against two directors of the
Hiranandani Group in connection with an alleged over Rs
nine-crore Provident Fund (PF) scam.
The directors, Niranjan and Surendra Hiranandani, have
been named as accused in an FIR lodged by CBI on March 29,
2008 for an alleged fraud in provident fund deposits.
The two directors failed to respond to the notices sent
to their residences directing them to remain present for
questioning before CBI.
"We do not know where they are, hence "look-out"
circulars have been issued against them in all the airports
across the nation," CBI DIG Praveen Salunkhe said.
Hiranandani Group has business interests in real estate
development within the country and abroad. The company
officials were unavailable for comment.
According to the Anti-Corruption wing of CBI,
Hiranandani group had not deposited provident fund of their
employees in the year 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 crores.
"Now with the look out circulars issued, we would be
intimated by airport immigration officials, if the two
accused either fly out or in the city," Salunkhe said.
Apart from Niranjan and Surendra, two other employees
of the group and four officials from the 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.