Published on Wed, Aug 04, 2010 at 11:50 | Source : CNBC-TV18
Updated at Wed, Aug 04, 2010 at 12:09
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Hiranandani bros in CBI dock for alleged PF scam
The Central Bureau of Investigation (CBI) and the Anti-corruption Bureau (ACB) Mumbai have registered a case against Niranjan Hiranandani, Managing Director of Hiranandani Construction.
The Central Bureau of Investigation (CBI) and the Anti-corruption Bureau (ACB) Mumbai have registered a case against Niranjan Hiranandani, Managing Director of Hiranandani Construction.
A case has also been filed against Niranjan's brother Surendra Hiranandani, who is considered as the engineering genius behind the Hiranandani Group, and eight others.
Niranjan and Surendra are under scanner in the employees' provident fund (EPF) scam case. The duo along with the eight others are accused of cheating the Employees Provident Fund Department of about Rs 168 crore by not paying the provident fund dues of workers employed through contractors in various projects. The Hiranandani brothers are also accused of conspiring with some EPF officials to close the matter illegally by depositing only Rs 2.92 lakh as provident fund dues.
