Court directs ACB to look into Hiranandani case
The Anti-Corruption Bureau (ACB) will be inquiring Niranjan Hiranandani, the co-founder of Mumbai-based Hiranandani Group, with regard to a criminal complaint case filed against him in connection with suspected irregularities in a housing project.
A special court has directed the ACB, while hearing the complaint filed by activist Santosh Daundkar against Hiranandani, for allegedly cheating the government by using a government land to personal benefit.
The state government handed over 230 acres of land to Hiranandani on lease, in 1986, and asked to build flats for EWS.
According to the complaint, out of the government-sanctioned built-up area, Hiranandani utilised only a part, while the rest was converted into luxury apartments and sold at a premium price.
To read more real estate news:
Home loan prepayment penalty is waived out by RBI
Foreign remittances do not come under service tax ambit: PM
Source: Money life
ACB, activist Santosh Daundkar, Anti-Corruption Bureau (ACB), Built-up area, Complaint, criminal, EWS, Hiranandani group, housing project, Lease, Luxury Apartments, Mumbai, Niranjan Hiranandani, Special Court, State government
