NFTV : Bureau : After the big revelation on dramatic increase in Amit Shah’s son Jay Shah’s businesses since Narendra Modi became prime minister. Amit Shah’s son son Jay Shah will file a criminal defamation suit of ₹100 crore against The Wire news website .
According to website Jay Amit Shah’s company’s turnover is increased 16,000 times over in the year following the election of Narendra Modi as prime minister and the elevation of his father to the post of party president, filings with the Registrar of Companies (RoC) show.
Company balance sheets and annual reports obtained from the RoC reveal that in the financial years ending March 2013 and 2014, Shah’s Temple Enterprise Private Ltd. engaged in negligible activity and recorded losses of Rs 6,230 and Rs 1,724 respectively. 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.
The astonishing surge in Temple Enterprise’s revenues came at a time when the firm received an unsecured loan of Rs 15.78 crore from a financial services firm owned by Rajesh Khandwala, the samdhi (in-law) of Parimal Nathwani, a Rajya Sabha MP and top executive of Reliance Industries.
One year later, in October 2016, however, Jay Shah’s company suddenly stopped its business activities altogether, declaring, in its director’s report, that Temple’s net worth had “fully eroded” because of the loss it posted that year of Rs 1.4 crore and its losses over earlier years.
After the article jolted the political arena of India Union Railway Minister defend Amit Shah’s son Jay Amit Shah and says
Jay Shah would be filing the defamation case of RS 100 crore against the author of article, the Editor and the owner of the online portal.
“We reject the allegations, and the confidence in our way of work is reflected from the fact that Jay Shah is proceeding to file a civil and criminal defamation,” said Mr. Goyal.
— The Wire (@thewire_in) October 8, 2017
Opposition attacks on BJP
Turning the heat up on Modi and the BJP, senior Congress leader Kapil Sibal said the allegations should be investigated.“We are not saying it is a criminal offence. That would be determined only when the case is investigated. But the question is whether the Prime Minister would come forward to say it is crony capitalism, as the BJP used to allege during the UPA government said Sibbal .
The Aam Aadmi Party, meanwhile, announced that it would protest Monday in front of Amit Shah’s house in Ahmedabad, demanding further investigation in the case.
AAP spokesperson Ashutosh demanded an FIR be filed against Jay Shah. “BJP president Amit Shah should also answer whether the favours given to his son’s company were done under any political pressure,” he said.
Sitaram Yechury, general secretary of the CPI(M), demanded further investigation in the case on Twitter. “Earlier BJP presidents [L.K.] Advani, [Bangaru] Laxman had resigned on lesser charges,” he said.