Sunday, 17 December, 2017

BJP rallies around party leader amid controversy over son's business

Jay Shah left with Gujarat Chief Minister Anandiben Patel centre and Amit Shah right Jay Shah left with Gujarat Chief Minister Anandiben Patel centre and Amit Shah right
Stacy Diaz | 12 October, 2017, 03:57

A day after a media report claimed alleged irregularities by a company owned by BJP national president Amit Shah's son Jay Shah, the latter filed a criminal defamation suit against a news website.

Amit Shah' son also says that: "I have made a decision to prosecute the Author Editor/(s) and the owners of the aforesaid news website for criminal defamation and sue them for an amount of Rs 100 cores. Both the actions will be filed at Ahmedabad where I stay, carry on my business and where the cause of action has arisen". A photo exhibition of the Left party workers who died in alleged attacks by RSS-BJP activists was also organised. "We believe that he (Jay) has been wronged and he must get justice".

In an explosive piece, The Wire website wrote that the balance sheets and annual reports obtained from the RoC had revealed that in the financial years ending March 2013 and 2014, Shah's Temple Enterprise Private Ltd. engaged in negligible activity and recorded losses of Rs 6,230 and Rs 1,724 respectively.

This, The Wire imputes, was illegal and beyond the inference of logical business growth.

Congress vice-president Rahul Gandhi tweeted, "We finally found the only beneficiary of Demonetisation". The mentions that Piyush Goyal, the current Union railways minister, was in charge of the ministry of new and renewable energy when the LC worth Rs 10.35 crore was extended to Jay Shah's Kusum Finserve. It's not the RBI, the poor or the farmers. "In 2014-15, it showed a profit of Rs 18,728 on revenues of only Rs 50,000 before jumping to a turnover of Rs 80.5 crore in 2015-16". It's the Shah-in-Shah of Demo. "Would he ask for an investigation by the CBI and the Enforcement Directorate as they normally do in the case of people from the Opposition". "Did any doubtful transactions take place during this time?" he asked.

Controversy was fuelled further after a senior government lawyer, Mr Tushar Mehta, the additional solicitor general, received official clearance to represent Mr Jay Shah in the defamation case. "Tax has been deducted on the interest paid (TDS) regularly and the principal and interest amount has been repaid in full".