Published: Fri, October 13, 2017
Worldwide | By Gretchen Simon

Amit Shah breaks silence on son's business, rejects money laundering

Amit Shah breaks silence on son's business, rejects money laundering

"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".

"After achieving a turnover of Rs 80 crore, his company suffered a loss of Rs 1.5 crore".

He added: "The business was of commodity trade which is a high value low profit venture".

Shah's reaction came after an article on The Wire, titled "The Golden Touch of Jay Amit Shah", which was published on October 8, claimed that junior Shah's company recorded a 16,000-times increase in turnover in just one year. All the payments were made through cheques.

Earlier, the BJP had come out in defense of Jay Shah with union ministers like Piyush Goyal and Rajnath Singh backing Amit Shah's son. "If a company's turnover stands at Rs One crore, its profit does not become Rs One crore", he was quoted as saying by AajTak.

Kyrie Irving Rips Cleveland as a Sports City, Already Loves Boston
According to Gary Washubrn of the Boston Globe , Irving sees Boston as a much more lively and active city than Cleveland. And then you move to the East Coast - into Boston - and it's so real [and] alive.

The report also questioned unsecured loans that it said had been taken by Jai Shah's company. The BJP has strongly refuted the allegations against Jay Shah. Did it ever file a civil suit or defamation suit? No.

BJP also alleged that there is nexus between The Wire and Congress.

"Congress has faced so many allegations of corruption. We don't take umbrage in falsehood as the Congress is known to do". "Isn't it surprising? And suddenly after a change in the government".

"The Congress should seek public apology for bringing the country synonymous with high corruptions during its UPA-1 and UPA-2 rule and painted the country with black paint", he said adding, the BJP's strong leadership has nearly wiped out corruption in the country and there is no single case of corruption against BJP central ministers and leaders in the three years under Narendra Modi. In his application, Shah sought, "criminal action against the respondents for defaming and tarnishing the reputation of the complainant through an article, which is scandalous, frivolous, misleading, derogatory, libelous and consisting of several defamatory statements". "You should say something".

Like this: