'False article' gives impression my business owes success to father: Jay Shah

Georgia Reed
October 9, 2017

Describing Jay Shah as a qualified engineer from Nirma University who has dabbled in commodity trade along with his business partner Jitendra Shah for a year so and has raised loans on commerical basis and paid taxes, Railway Minister Piyush Goyal said The Wire article had drawn far too many mischievous conclusions.

"We thoroughly reject these baseless allegations and the deplorable effort to attribute motives", said Goyal. About loans taken by son of BJP President Shah, Goyal said that, "There is no bar in taking loans and all loans were taken strictly in accordance with law".

"Since the website has proceeded in making an absolutely false imputation in a highly slanted article thereby damaging my reputation, I have chose to prosecute the Author, Editor/(s) and the Owner/(s) of the aforesaid news website for criminal defamation and sue them for an amount of Rs 100 crores".

Earlier in the day, Goyal informed that Jay Shah, will be filing a criminal defamation suit against news website "The Wire" for alleging that Jay's company posted a turnover of Rs. 80.5 crore in 2015-16.

"This matter should not be exaggerated and our Pradhan Sewak (Prime Minister Modi) should initiate probe in this matter", he added.

The Trinamool Congress today took a swipe at the BJP, wondering if it would now use CBI or ED to probe the allegations against BJP chief Amit Shahs son, just as it has been quick to use these agencies against other political parties.

Four of a family, guard killed in Delhi home
Prasad further said the police were looking at a family property dispute, which might have led to the murders. Over 40 persons of the same family stay in the two-storey building, which is part of Jindal Oil Mills.

The case will filed in Ahmedabad where Jay Shah lives. It alleged the revenues of the company witnessed an "astonishing surge" in the financial year ended March 2015, when the firm received an unsecured loan of Rs 15.78 crore from a financial services firm owned by Rajesh Khandawala, the samdhi (in-law) of Parimal Nathwani, a Rajya Sabha member and top executive of Reliance Industries.

Sibal, citing the filing with RoC, also alleged that a firm Kusum Finserve LLP, in which Jay Amit Shah had 60 per cent stake, had also got a contract in Madhya Pradesh in wind power sector despite the company being engaged in stock trading. The Congress sought answers from Prime Minister and the BJP president, and demanded a probe by the ED and the CBI. Senior leader Ashuthosh said an FIR should be registered against Jay Shah and a probe should be ordered into his company's activities. It's not the RBI, the poor or the farmers.

Congress Vice-President Rahul Gandhi tweeted: "We finally found the only beneficiary of demonetisation".

CPI (M)'s Sitaram Yechury claimed that it is the latest in a series of cases of corruption under the Modi government.

Asked where is the criminality, he said "we are talking about crony capitalism".

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