TMC pricks BJP on allegations against Amit Shahs son

TMC pricks BJP on allegations against Amit Shahs son

The charge was rejected by the BJP and Shah's son, Jay Amit Shah, who termed the story "false, derogatory and defamatory". About loans taken by son of BJP President Shah, Goyal said that, "There is no bar in taking loans and all loans were taken strictly in accordance with law". The minister also took on the website for picking holes in IREDA (Indian Renewable Energy Development Agency) sanctioning loan for 1 windmill plant to Jay Shah.

"Since the website has proceeded in making an absolutely false imputation in a highly slanted article thereby damaging my reputation, I have chose to prosecute the Author, Editor/(s) and the Owner/(s) of the aforesaid news website for criminal defamation and sue them for an amount of Rs 100 crores".

Notably, the following year (in 2015-16), the company's turnover jumped to a whopping Rs 80 crore, he said. "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", Sibal said. "Would he ask for an investigation by the CBI and the Enforcement Directorate as they normally do in the case of people from the Opposition".

Opposition parties sought a probe into claims in a media report that a company owned by BJP chief Amit Shah's son saw a huge rise in its turnover after his party came to power in 2014.

"Both the actions will be filed at Ahmedabad where I stay, carry on my business and where the cause of action has arisen". That same year, it received an unsecured loan worth Rs 15.78 crore from non-banking financial company KIFS Financial Services, before winding up its business in October 2016. "Latest in the series of corruption cases under Modi".

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Sibal also hit out at BJP leader and Union Minister Piyush Goyal for holding the press briefing and for defending Jay Shah on a "public platform".

The Trinamool Congress demanded a probe by the CBI or the Enforcement Directorate into the issue. He said that Khandwala had been Shah's stock broker for close to a decade and the loans were from a finance company, which was not just properly routed but also disclosed.

Senior lawyer and Congress MP Kapil Sibal is quoted by The Hindu as saying, "We would like to ask the Prime Minister to explain the Shah model of business". He said the got company got Rs 25 crore loan from the Kalupur Commercial Cooperative Bank. "Why is PM silent", CPI (M) chief Sitaram Yechury tweeted. "L K Advani had resigned after the Jain Hawala diary episode while its then party president Bangaru Laxman had quit after a corruption expose", Yechury said, asking will it happen now under the Modi government.

The Aam Aadmi Party also demanded a high-level probe.

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