Political storm over report on junior Shah's business growth

09 October, 2017, 00:51 | Author: Earnest Huff
  • BJP BJP’s Kerala Yatra Amit Shah CPM CPM-BJP UDF LDF

Opposition parties on Sunday sought a probe into claims in a media report that a company owned by Bharatiya Janata Party (BJP) chief Amit Shah's son saw a huge rise in its turnover after his party came to power in 2014.

It also reported that Jay's business ventures received loans from a cooperative bank and a public sector enterprise. Read Also: Modi slams UPA government over health policies " Today, we ask a question to the Prime Minister, the pradhan sevak.

Issuing a strong caveat to The Wire, Goyal said, "They are requested not to publish anything in this (Jay Shah's business) regard which would not be just libelous but also defamatory".

Sibal said being a minister, Goyal can defend the government but there was no need of him to defend Jay Shah.

On behalf of the BJP, senior union minister Piyush Goyal said that Jay Shah's companies are legitimate and acquired loans transparently and paid commercial rates of interest for them.

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Those came at the expense of the National Party, which lost two seats. "He understands his role; he's very experienced". She has nearly single-handedly brought Labour to within reach of forming government.

"We thoroughly reject these baseless allegations and the deplorable effort to attribute motives", said Goyal.

"The article makes false, derogatory and defamatory imputations against me by creating in the minds of the right-thinking people an impression that my business owes its "success" to my father Shri Amitbhai Shah's political position", Jay Shah said in the statement adding he will file a Rs 100-crore defamation suit against website for the publication of the article.

Goyal said it wasn't unusual for a company involved in trading of agricultural products to witness an increase in revenue, and that Rs 80 crore was not a very large amount. Charging the website with putting together disjointed facts with malicious intent even though it had every answer, Piyush Goyal said, " Deliberate and mischievous attempts were made to highlight or rather use business growth figures -16,000 times - to sensationalise the matter. "There is nothing criminal in this". The Left parties questioned the silence of the Prime Minister on The Wire's report. We don't take umbrage in falsehood as the Congress is known to do. 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. "Latest in the series of corruption cases under Modi".

"If he got seven crores of security from the Kusum enterprises then what was the need to take loan of Rs. 25 crores and if he is saying that the value is secured by way of goods, then what is the values of these goods?" he asked. "Will you ask ED to arrest these people", Sibal asked at a press conference here. Birla-Sahara Dairy, GSPCL, Vyapam, Lalit Modi, rice and mining scams.

The Aam Aadmi Party also demanded a probe into the allegations and said a criminal probe should be started.


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