Connect with Us
Moneylife - Facebook Moneylife - Twitter Moneylife - Linkedin Moneylife - Youtube Moneylife Rss feed

Moneylife » Economy & Nation » Politics » When Nitin Gadkari gets an invitation from Niranjan Hiranandani!

When Nitin Gadkari gets an invitation from Niranjan Hiranandani!

    • 0 Comments, Be the first to comment

Moneylife Digital Team | 26/10/2012 04:10 PM | 

Both Nitin Gadkari and Niranajan Hiranandani are facing severe allegations of wrong-doings. So, it is most ironic that the developer, as head of the Indian Merchants’ Chamber, has invited the beleaguered BJP president on his “Vision for India and Mumbai Development”. Unfortunately, at this point of time, people want to hear something else from Mr Gadkari

On 6th November (5.30 pm) the Indian Merchants’ Chamber (IMC) has invited Nitin Gadkari to speak at an interactive session on “Vision for India and Mumbai Development”. It is not clear whether Mr Gadkari, who has cancelled some of his public engagements will actually turn up for the event. After all, the media as well as the public is interested in Mr Gadkari’s views on an entirely different issue at this point in time. 
He is under pressure from all quarters, including his own colleagues from the BJP, for the dubious manner in which his group has been funded as well as new revelations in The Economic Times about the maze of shell companies that have allegedly helped him launder large amounts of money into his Purti Group.
Is the timing of this session a way to allow Mr Gadkari to engage with the public and speak about his own past record in terms of Mumbai’s infrastructure development? If yes, then the timing is very ill-conceived. Yes, Mr Gadkari does have achievements to his credit, but he has squandered away that legacy with his deal with Ideal Road Builders (IRB)—the toll kings of India. 
The bigger irony is that the invite to Mr Gadkari is from Niranjan Hiranandani, IMC’s president, who himself is facing an investigation by the Maharashtra Anti-corruption Bureau (ACB) the alleged Rs45,000 crore Powai land scam. Last month, the Bombay High Court lifted its earlier stay on the probe into the Powai real estate scam allowing the ACB to restart investigation into Hiranandani Developers, senior state bureaucrat Thomas Benjamin and other unknown persons.
Meanwhile the ministry of corporate affairs (MCA) and the Income-Tax (I-T) department are probing source of funding of various shell companies that invested in Mr Gadkari’s Purti group. 
The irony of this meeting is probably lost on the IMC and its office bearers, because nothing exposes the happy nexus between politicians and businessmen that this attempts to lend each other countenance.

Post Comment
Be the first to comment
Daily Newsletter

1,00,000 Readers

Follow Moneylife
DNL facebook icon DNL linked in icon DNL twitter icon DNL youtube icon DNL rss icon
Moneylife Magazine

Grab a Discount Coupon here

What's your say?

Will rising costs spoil the promise of Achhe Din?
Can't Say
Enter Code : secure code
    change code

What you said

Will the Gold Monetisation & Sovereign Bond Scheme help reduce demand of physical gold and fish out 20,000 tonnes of the yellow metal lying idle?

Thanks for casting your votes! View Previous Polls

Join Over 100,000 Awesome Readers

  1. News that Mainstream media does not always cover
  2. Views that are bold and unbiased
  3. Reports that focus on your interests as consumer, investor & citizen