Congress demands probe into Amit Shah's son business

Congress demands probe into Amit Shah's son business

Sibal also alleged that a company owned by Jay Amit Shah got a loan of Rs 25 crore from a cooperative bank without sufficient collateral security, besides a loan of Rs 10.35 crore from Indian Renewable Energy Development Agency Limited (IREDA), a public sector firm under the Ministry of New and Renewable Energy, which was under Goyal.

The ruling BJP came under strong attack from the opposition Sunday after a news portal report said some businesses of party chief Amit Shah's son Jay Shah saw dramatic growth since Narendra Modi became Prime Minister in 2014. "Jay carries out a fully legitimate and lawful business on commercial lines which are reflected in income tax (filings) and transactions in banks".

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

"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.

Addressing a press conference, Goyal said that the defamation case will be filed at Ahmedabad where Jay carries out his business. 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. "Issue is whether the Prime Minister is honest enough to say that investigate the son of Amit Shah", replied Mr Sibal to queries on whether there was any wrongdoing. "From an official platform, he defended Jay Shah". It also said that the company received a loan of Rs 15.78 crore from Rajesh Khandwala, a relative of Rajya Sabha member Parimal Nathwani, who is also a senior executive at Reliance Industries.

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The Congress leader also questioned Goyal the reason behind giving loan from his ministry in the name of startups to Jay Shah and asked him to reveal the number of companies they have provided loan for the same goal.

While CPI's D Raja demanded a "high level SIT probe monitored by the court", Arvind Kejriwal led Aam Aadmi Party (AAP) also demanded a criminal probe into the matter. "When I started an engineering factory after doing CA 30 years ago, nobody asked me such a thing", said Goyal. "We do not take umbrage under falsehoods as the Congress is known to do over and over again". It's not the RBI, the poor or the farmers.

Sitaram Yechury, general secretary of the CPI (M), demanded further investigation in the case on Twitter. Birla-Sahara Dairy, GSPCL, Vyapam, Lalit Modi, rice and mining scams.

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

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