Hiranandani raided by CBI for Rs.1.68 billion provident fund fraud

CBI raided offices and homes of private builder Hiranandani. Other government officials were also raidedin connection with a Rs.1.68 billion employees' provident fund (EPF) fraud.


In 2003-04, a team of EPF officials had visited the Hiranandani Group offices in northeast Mumbai since it had not deposited a sum of Rs.1.68 billion to the government, as required under the law.CBI is also looking into the issue.