The Congress on Sunday slammed the Narendra Modi government over a report that said the turnover of a company owned by BJP chief Amit Shah's son Jay Shah increased 16,000 times since the elevation of Shah as the party president.
File photo of Kapil Sibal. PTI
They also demanded a probe by the ED and the CBI into the matter.
Addressing a press conference in New Delhi, senior Congress leader Kapil Sibal said, "How can a company with no inventory or assets post a turnover of Rs 80.5 crore? Will the prime minister ask CBI to act against Amit Shah's son?" senior Congressman Kapil Sibal said.
This comes after The Wire reported that Jay Shah’s company, Temple Enterprise Private Ltd, jumped from its revenue of Rs 50,000 in 2014-15 to Rs 80.5 crore in 2015-16.
According to the report, filings with the Registrar of Companies (RoC) have revealed that the company started making profits after 2014, the same year when Modi was elected the prime minister.
According to RoC filings, the company is engaged in wholesale trade and most of its revenues come from the sale of agricultural products.
The report said that the company received an unsecured loan of Rs 15.78 crore from a financial services firm owned by Rajesh Khandwala, the in-law of Parimal Nathwani, a BJP-supported Rajya Sabha MP and senior executive of Reliance Industries.
However, Khandwala's firm’s annual report did not reflect this loan.
Published Date: Oct 08, 2017 05:24 pm | Updated Date: Oct 08, 2017 05:41 pm
