Evidence has been found suggesting that businessman Niranjan
Hiranandani has been profiting from the use of government funding.
A controversial figure, Hiranandani has several court cases
pending against him and the most recent, broadcast byTeluga TV station TV9 –
famed for their hidden camera exposé.
Hiranandani
was caught in a meeting with an undercover reporter bragging of his illegal and
unethical business practices which trade using black money.
Hiranandani
is a famous name in the Indian construction and his company work with many high
profile clients including government contracts state funded projects.
Niranjan is clearly shown on camera talking to the undercover
reporter for the TV station.
The property developer is seen discussing a recently
completed job on camera and explains how he wants the money to be paid partly
by cheque in order to appear that he has a clean income.
The rest of the money will be kept off the books as it is
paid in cash and so he will not have to declare it for tax purposes.
This means he will be short changing the Indian government
but also profiting from charging a higher rate to his clients and adding more
money to his income from government contracts.
The corruption of these business deals is of the highest
level, which is why TV9 exposed Hiranandani.
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