Live updates: Amit Shah’s son Jay Shah to file Rs 100-crore criminal defamation suit against The Wire, article’s author

The Congress alleged that a company run by Amit Shah's son Jay Shah posted a turnover of Rs 80.5 crore, an increase of 16,000 times in the year following BJP winning the 2014 elections.

By: Express Web Desk | New Delhi | Updated: October 8, 2017 5:38 pm
amit shah, amit shah kerala visit, kerala bjp, bjp chief amit shah in kerala, amit shah kerala schedule, amit shah kerala agenda, amit shah rally kerala, news, kerala news, bjp news BJP National President Amit Shah. (Source: PTI)

Union Minister Piyush Goyal is reacting to the allegations against BJP national president Amit Shah’s son Jay Shah, whose company allegedly posted a turnover of Rs 80.5 crore in 2015-16. The Congress alleged that the company’s turnover rose by 16,000 times in just one year after the BJP came to power at Centre.

Citing company filings with the Registrar of Companies (RoC), the Congress said it was surprising to see a company with no inventory or assets show a turnover of Rs 80.5 crore.

“How can a company with no stock, no inventory, no assets, has a turnover of 80 crores? Isn’t it surprising? And suddenly after a change in the government… Yahi crony captalism aur kya (This is crony captalism, what else is),” Senior Congress leader Kapil Sibal said at a press conference in New Delhi.

Sibal demanded Prime Minister Narendra Modi to initiate a probe into the company’s dealings. “Will the PM ask CBI to act? will arrests take place? Is PM honest enough to say probe Amit Shah’s son?” he said.


5.28 pm: The name Jay Amit Bhai Shah is used in the title, by giving this mischievous title they are trying to defame Amit Shah: BJP

5.24 pm: All loans taken by Jay Shah were in accordance with law and were paid back with full interest, well within the time limit: BJP

5.22 pm: Jay Shah will file civil and criminal prosecution for defamation in Ahmedabad Court, Goyal said.

5.20 pm: The article is trying to damage reputation of our leader Amit Shah: BJP on the article.

5.15 pm: Describing the article as “completely malicious”, Goyal said the BJP rejects any allegation sought to be made against Jay Shah or any of their leaders.

5:10 pm: Reflecting on the allegations, Goyal said Jay Shah will file criminal defamation suit of Rs. 100 crore against author (of article), editor and owner of news website The Wire.

5.00 pm:  Defending Jay Shah, BJP’s national IT cell chief Amit Malviya, in a series of tweets, said: “Every new business starts with nil turnover on day one, expands later. What is wrong with legitimate expansion of business? This was a legitimate commodity export import business, where volumes are high and margins are low so 16,000x misleading. Is Jay Shah not allowed to take loan on market rates of interest from a registered NBFC? Where is the favour / impropriety? Since when has taking a loan by cheque become illegal? Jay Shah company took a loan from NBFC, disclosed it in income tax.”

4.50 pm: Congress vice-president Rahul Gandhi alleged that Amit Shah and his son were the main beneficiaries of demonetisation. “We finally found the only beneficiary of Demonetisation. It’s not the RBI, the poor or the farmers. It’s the Shah-in-Shah of Demo. Jai Amit,” he tweeted.

4.40 pm:  The Aam Aadmi Party also demanded a probe. “Party wants that the company records should be probed for signs of money laundering as well. Amit Shah should also be questioned on this,” said APP.

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  1. A
    Ajay Prem Kaushal Pareek
    Oct 8, 2017 at 8:06 pm
    16000x means a new business posts profit of ₹ 16000 in first year and 100000x if it posts profit of ₹ 1 lac in first year. What a rubbish and childish claim this is ? As far as loan is concerned it is given on credibility of person seeking loan and the loan has been repaid , Chidambaram helped Mallya in getting loan of Rs. 9000 crore without colletrol and he ran away with interest. So all follower of Modiji should be checked for profit and business during past 3 years and surely their increase May be 10lac times and as per Congress and AAP all should be booked. These stupids are jobless and shooting from their wrong parts in utter frustration .
    1. D
      Oct 8, 2017 at 7:01 pm
      Just 80crores? Meh. Next.
      1. Valerian Menezes
        Oct 8, 2017 at 6:16 pm
        A fair probe under SC monitored SIT is the only way out. The business is not denied. The sudden sun rise is not denied. People will definitely have a doubt. Modiji has ordered probe in several other cases under similar circumstances. If he does not do the same here he will have serious dent in his image.
        1. D
          Oct 8, 2017 at 5:52 pm
          With Time Shah and Jaitley will prove a Liability for Modiji.One has dented the economy and the Other in a hurry to get Rich has busted Modiji"s famous Quote Na Khaoonga Na Khaane Doonga.Modiji appears helpless in dealing with Jaitley given that Jaitley stood with Modiji after 2002.Shah is Modiji"s all seasons man ,there is No way as PM he can Order a Time bound Supreme Court monitored Public Enquiry into this overnight Riches of Shah"s son.Unless the masses see through this Bluff ,you are getting nowhere.Modiji is caught between the devil and deep blue sea
          1. M
            Oct 8, 2017 at 5:50 pm
            The half breed with his usual silly comment -- Mamma wants this piece of SH T to be PM
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