No ques­tion of cor­rup­tion, says Shah on son’s firm

The Times of India (New Delhi edition) - - TIMES NATION -

Ahmedabad: BJP chief Amit Shah said on Fri­day there was “no ques­tion of cor­rup­tion” in his son’s com­pany, as al­leged re­cently, adding that it had not “re­ceived gov­ern­ment land or con­tract worth even a ru­pee”.

He was re­fer­ring to a re­cent re­port that claimed a com­pany in which Jay Shah was a direc­tor saw a huge rise in turnover af­ter BJP came to power in 2014. The BJP pres­i­dent also hit out at Congress, say­ing it did not file a defama­tion suit de­spite fac­ing sev­eral cor­rup­tion charges, while his son had moved court over the al­le­ga­tions against him.

“The com­pany has not taken com­mis­sion like in the case of Bo­fors,” Shah said.

The com­pany, he added, dealt in com­modi­ties like rice and mil­lets. “They are say­ing that the turnover of the com­pany was Rs 80 crore, but they are not show­ing that it in­curred a loss of Rs 1.5 crore. This is a high-vol­ume, low -profit busi­ness. Where is money laun­der­ing in it?” Shah asked. Re­ply­ing to a query on the loan given to the firm, Shah said, “You have to un­der­stand first that it was not a loan, but a let­ter of credit. We were given credit to lift ma­te­rial against cash de­posits. Jay’s cash was ly­ing in the bank and we have paid the loan with in­ter­est.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.