Court hearing is to begin in the CBI’s Anti-Corruption Bureau case filed against prominent builder Niranjan Hiranandani for not depositing provident funds of the employees of his group to the tune of Rs 90 million.
Hiranandani has approached the Bombay High Court seeking to quash the charge sheet filed against him by the CBI in a case of alleged corruption, criminal conspiracy and cheating in September 2010 .
A division bench of Acting Chief Justice V K Tahilramani recently posted the petition for hearing on Feb 14 and granted an interim stay on the trial against Hiranandani.
The builder approached the high court after a co-accused, K Gopalan, was discharged from the case.
“The petitioner cannot be vicariously held responsible merely because he is a director of the company,” the petition said.
According to the prosecution, the Hiranandani Group had not deposited provident funds of its employees between 2003 and 2006.
Apart from Hiranandani, two employees of the group and four officers from the EPFO have been arraigned as accused in the case.