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PF scam: Hiranandani brothers get anticipatory bail

Hiranandani Group directors Niranjan and Surendra Hiranandani were today granted anticipatory bail by a special court in connection with an alleged provident fund scam to the tune of over Rs nine crore.



Mumbai: Hiranandani Group directors
Niranjan and Surendra Hiranandani were today granted
anticipatory bail by a special court in connection with an
alleged provident fund scam to the tune of over Rs nine crore.

The duo had approached the court seeking anticipatory
bail after CBI issued look out notices against them to all
the airports on August 4.

Both the brothers have been named as accused in an FIR
lodged by CBI on March 29, 2008 for an alleged fraud of
provident fund deposits.

While granting the duo bail on a surety of Rs one lakh
each, Special CBI judge S P Hayatnagarkar observed that their
custodial interrogation was not required.

Niranjan`s lawyer Harshad Ponda had argued that both
Niranjan and Surendra have been in constant touch with CBI in
connection with the case and have also been attending the
investigating agency`s office several times for questioning.
CBI counsel Bharat Badami had, however, opposed the
duo`s bail plea stating that they have not been cooperating
with the investigation and that their custody was required to
gather more information regarding the scam.

"The court has held that the provident fund liability
was on the contractor and not the Hiranandani Group. We will
continue co-operating with CBI for investigations," Niranjan
said.

According to CBI`s anti-corruption wing, Hiranandani
Group had not deposited provident fund of their employees in
2003-06.

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.

PTI

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