March 18 2018

Was Jay Shah aware of note ban move in advance? asks Congress

March 18 2018, 05:05 | Van Peters

Was Jay Shah aware of note ban move in advance? asks Congress

BJP BJP’s Kerala Yatra Amit Shah CPM CPM-BJP UDF LDF

"Mr Jay Shah, son of Amit Shah, has chose to file a criminal defamation suit against the author, editors and the owners of The Wire".

The BJP fielded Railway Minsiter Piyush Goyal to counter the allegations that he termed as "malicious and defamatory".

"Those who have read the article know there is not a single point which Rohini Singh (the author) could prove". "Jay Shah's business is perfectly legitimate and legal. On the contrary, we have gone on the offensive", he said.

Jay Shah's lawyer said the bank did not give the firm a "loan" but a "non fund based working capital facility in the form of a Letter of Credit up to Rs 25 crore".

The CPI (M) on October 9 held a demonstration in front of the BJP office in New Delhi led by politburo member Brinda Karat, to protest against the BJP atrocities and violence against CPI (M) cadres and supporters in Kerala.

If anyone else republish/re-broadcast the imputations made in the said article, whether directly or indirectly, such person or entity will also be guilty of the very same criminal and/or civil liability.

If a government lawyer wishes to take up a private case, he has to take permission of the law ministry. Goyal told the media that the title of the report was "mischievous" and used the the figure "16,000 times" to sensationalise the issue. The allegation in the article is of the firm's turnover growing from Rs 50,000 in March 2015 to Rs 80.5 crore in 2015-16.

On the loan given to a company with no prior expertise or background in renewable energy, a minister said, "The loan was disbursed nine months after he (Jay Shah) applied for it and due procedure was followed". Does he (Goyal) keep talking to Jay Shah.

The Congress leader demanded Prime Minister Narendra Modi's initiation of an investigation into the matter.

On IREDA, OpIndia says the public enterprise is meant "to promote, develop and extend financial assistance for renewable energy and energy efficiency/conservation projects".

Temple Enterprise was merged in 2004 with Jay Shah and Jitendra Shah listed as its directors while Amit Shah's wife Sonal Shah also has a stake in the company.

The Congress also continued to raise questions over Rs 10.35 crore loan given to Kusum Finserve, a company owned by Jay Shah that dealt in shares and stocks before getting a contract to build a 2.1 MW windmill in Madhya Pradesh.

Adding to this he said, "BJP president Amit Shah should also answer whether the favors given to his son's company were done under any political pressure?"

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