Mumbai businessman Niranjan Hiranandani has been caught on tape profiting from government contracts. Hiranandani has been shrouded by controversy in recent years, however despite the court cases surrounding his businesses, Hiranandani has added another scandal to his ever-growing repertoire.
Telugu TV station TV9, renowned for their "sting" operations, have coaxed Niranjan Hiranandani into a meeting and exposed on camera his illegal and unethical business trading using black money.
Hiranandani is a well-known name in the Indian Construction world, his company 'The Hiranandani Group' handle many high profile contracts, a lot of them government funded projects. On camera Niranjan Hiranandani is clearly visible and it is appears that he is talking to the undercover sting operative. They're discussing payment for a recent job that was completed and Niranjan is explaining to the undercover operative how he wants a specific portion of the payment to be paid via check, this is the money he will put through his books and is considered a clean income.
The remaining fee for outstanding work is to be paid solely in cash, this is the money which Niranjan Hiranandani will not declare, therefore paying no tax on it and leaving the Indian Government unaware that Hiranandani is overcharging his customers to make a dishonest income in addition to the profit already made from the money paid by the government. The corruption of these business deals is of the highest level, which is why TV9 exposed Hiranandani.
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