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renegadebusdallas.com October 21, 2017


Oppn demands probe into junior Shah's business

09 October 2017, 12:52 | Franklin Nunez

Vadikkal Ramakrishnan

Vadikkal Ramakrishnan

However, Union minister and senior BJP leader Piyush Goyal rejected the allegations outright, terming the article in The Wire "defamatory and malicious" and "with no substance".

The article also questioned loans given to another of his companies for a power project. "My businesses are fully legitimate and conducted in a lawful manner on commercial lines, which is reflected in my tax records, and are through banking transactions", Shah's son said in the statement. "All loans were in accordance with law & were paid back with full interest".

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.

He also said that it was not unusual for the second firm named in the piece to venture into the unrelated power business, pointing to his own career and saying he started an engineering company after completing his chartered accountancy. He said, "The article was trying to show impropriety through imputation against Amit Shah which is why Jay Shah has chose to file a Rs 100 cr damage suit in Ahmedabad".

The Congress leader's press conference was held after the news website, The Wire, broke the story. Citing filings with the Registrar of Companies, the report said that the turnover owned by Temple Enterprise Private Ltd, a company where Jay Shah was a director, rose 16,000 times from Rs 15,000 in 2014-15 to Rs 80.5 crore in 2015-16.

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"Today, we ask a question to the Prime Minister, the pradhan sevak".

After the report was published online, Congress attacked BJP president Amit Shah and asked Prime Minister Narendra Modi to explain what it called the "Shah model of business" and demanding an enquiry. It said Jay's company received an Rs 10.35-crore loan from the Indian Renewable Energy Development Agency (IREDA) for a renewable energy start-up and Rs 25 crore worth of finance from the Kalupur Commercial Cooperative Bank, which has influential backers. It's not the Reserve Bank of India, the poor or the farmers.

Goyal also lashed out at Congress for its remarks following the publication of the article, and said, "I wish the Congress would come clean and not stop the Justice SN Dhingra Commission report and tell the truth about the Congress family". It's the Shah-in-Shah of Demo (netisation). "Will you ask ED to arrest these people", Sibal asked at a press conference here. "Latest in the series of corruption cases under Modi". Birla-Sahara Dairy, GSPCL, Vyapam, Lalit Modi, rice and mining scams.

The Aam Aadmi Party also demanded a high-level probe. He said that, "We reject any allegation or imputation against any leader".



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