etvfutures.com
etvfutures.com December 16, 2017


Amit Shah refutes allegations of wrongdoing by son's company

13 October 2017, 11:02 | Opal Carroll

RSS voice on Jay stands out

Probe if there is evidence, says RSS on Jay Shah row

The statement came in response to a query on the controversy surrounding BJP president Amit Shah's son Jay's business dealings.

Jay Shah has subsequently filed a defamation case against The Wire and the author of the article. "If a company's turnover becomes Rs 1 crore, its profit does not become Rs 1 crore.It is unfair to say there was an over 16,000 times jump in profit.say what the turnover was.It makes it seem like the turnover was huge but it wasn't". "Where has money laundering been done?"

The Congress has demanded an inquiry into the matter, while the BJP called the article defamatory.

He also said that unlike the Congress, which had faced many corruption charges in the past, his son has shown courage to file a civil and criminal defamation suit on the allegations levelled against him and "invited a probe against himself" by this step. Jay had also filed a civil defamation suit at Ahmedabad district (Mirzapur) court against the website and sought damages of Rs 100 crore. All the payments were made through cheques.

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On Wednesday, a Gujarat court had adjourned hearing on a criminal defamation petition filed by Jay Shah against The Wire for publishing the report on an application filed on behalf of senior lawyer S V Raju, representing Jay, on his non availability.

An online portal has alleged that Jay Shah's company's turnover grew from Rs.50,000 to Rs.80.5 crore in a 2015-16, within one year, after obtaining an unsecured loan from a non banking financial institution. It has not got any government contract worth even a rupee....

Congress leader Kapil Sibal, a couple of days ago, attacked the BJP over the issue and was quoted as saying in a press conference: "How can a company with no stock, no inventory, no assets, has a turnover of 80 crores?" The BJP, the RSS and now Amit Shah have all dared those making allegations to provide proof. "Jay's cash was lying in the bank, and we have paid the loan with interest".



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