No Question of Corruption in Jay's Company: Amit Shah

13 Октября, 2017, 23:03 | Author: Valerie Burke
  • Jay Shah

Also reacting to the Arunachal Pradesh Congress Committee (APCC) statement on the dramatic increase in the fortunes of Jay Shah's company, the BJP termed the allegation levelled by Congress as unfortunate and disgusting. "If a company's turnover becomes Rs. 1 crore, its profit does not become Rs. 1 crore.It is unfair to say there was an over 16,000 times jump in profit.say what the turnover was.It makes it seem like the turnover was huge but it wasn't". Despite this turnover, he did not earn profit.

He also refuted allegations of money laundering and said all payments were made by cheque.

Tadar said a defamation suit has been filed by Jay Shah against Wire for wrongfully projecting him in the media portal and the party reposes faith in the judiciary.

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On Wednesday, a Gujarat court had adjourned hearing on a criminal defamation petition filed by Jay Shah against The Wire for publishing the report on an application filed on behalf of senior lawyer S V Raju, representing Jay, on his non availability. Has the party ever filed a criminal defamation, or a Rs 100-crore civil defamation suit?

He further said that Congress has faced many allegations of corruption, yet they never filed a single defamation suit. Why they lacked such courage? The Congress also sought a probe into the "sudden spurt" into the turnover of a company belonging to Jay Shah by a two-member commission of Supreme Court judges, questioned the timing of the closure of Jay Shah's company weeks before demonetisation and the move by Mehta, who chose to represent Jay Shah.

He said: "We have ourselves invited a probe and on the company issue I want to clarify that it has not done business with the government of even Re 1 nor taken any government land or tender". This is a high-volume, low-profit business. "It was not unsecured loan, it was line of credit", Amit Shah. "Jay's cash was lying in the bank, and we have paid the loan with interest".

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