Published: Mon, October 09, 2017
Worldwide | By Gretchen Simon

Jay Shah Should Come Clean And Face The Probe, Says Kapil Sibal

Jay Shah Should Come Clean And Face The Probe, Says Kapil Sibal

A political storm hit the Narendra Modi-led government and the Bharatiya Janata Party (BJP) after a news website reported that a company run by party chief Amit Shah's son, Jay Amit Shah, recorded a 16,000-times increase in turnover in only a year after Modi became the Prime Minister and the senior Shah the party president.

"Please say something", Gandhi said on Twitter.

Amit Shah is the most influential BJP functionary in the Modi government and despite being only a party president, he reportedly wields enormous clout even in the appointments and sackings of the cabinet ministers.

Union Minister Piyush Goyal, however, rubbished the allegations.

Addressing the rally, CPI leader JV Satyanarayana Murthy and CPM State secretariat member Ch Narasinga Rao said that never before in the history of the city did a political party attack another and wondered how the BJP and RSS could ransack CPM office here for the alleged attacks on them in Kerala. Responding to allegations on obtaining an "unsecured loan" by Jay Shah's company, Temple Enterprises Pvt Ltd, Goyal said, "All loans have been taken strictly in accordance with has been provided".

Soon after Mr Shah's statements attacking the Kerala government, CPI (M) general secretary Sitaram Yechury claimed the BJP campaign was a "flop show". "Jai Amit", Gandhi said in a tweet.

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Representatives from firms including Aston Martin, HSBC, Morgan Stanley and Vodafone will be among those attending. Brexit is the term used for the UK's exit from the EU.

Sibal also alleged that a company owned by Jay 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 the Indian Renewable Energy Development Agency Limited (IREDA), a public sector firm under the Ministry of New and Renewable Energy, which was headed by Goyal.

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.

Online news portal "The Wire" has claimed that a company owned by Amit Shah's son Jay Amitbhai Shah saw a 16,000 times jump in turnover in a year. "Is Jay Shah not allowed to take loan on market rates of interest from a registered NBFC?"

"I want to tell the Communists and the Congress party which supports their ideology that Communism has ended all over the world and the Congress has ended in India", Shah said. Will you give direction to the CBI to probe the matter?

He also said that details should be given of goods and equipment "hypothecated against the loan".

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