Shah shut down company 4 weeks before demonetisation

If Advani, Bangaru Lakshman and Nitin Gadkari could resign following allegations of impropriety, should Amit Shah also step down pending an inquiry?

NH Photo
NH Photo

S Khurram Raza

Stepping up the pressure on Union Minister Piyush Goyal and son of BJP national President Amit Shah, Congress on Monday questioned why the company which recorded a 16000 time jump in turnover in 2015 was shut down barely four weeks before Demonetisation.

Party spokesman Anand Sharma also asked Union Minister Piyush Goyal to explain why he had to give explanations for a private person and a private company.

Former Union Minister Anand Sharma also called upon the Prime Minister to break his silence and institute a two-member enquiry commission to investigate the whole issue and clear the dust. He asked BJP President Amit Shah to follow in the footsteps of senior BJP leader L K Advani who resigned after his name figured in the Jain Hawala Diary, former BJP president Bangaru Lakshman who resigned after he was seen taking money in a sting operation and Nitin Gadkari who had also resigned after allegations were raised against companies in which his relatives were directors.

Sharma also questioned the sanction of ₹25 crore loan by Kalupur Commercial Cooperative Bank for mere collateral of two properties worth ₹6.20 Crore. Sharma said, “there are clear RBI guidelines that the maximum loan that can be given must be equivalent to the amount of the collateral; but here in this case the value of the collateral is mere one fourth of the loan sanctioned and this is a clear violation of RBI guidelines”.

Sharma claimed that the two properties that were put as collateral security by Jay Amit Shah are properties of Amit Shah and his friend Yashpal Chudasma, a co-accused with Amit Shah in a fake encounter case.

Sharma, sarcastically, said that Jay shah has skills due to which his company made such a huge profit in one year so those skills should be taught to new entrepreneurs who are establishing start-ups. He said that this is for the first time in the history of Indian industry that a company has made such a huge profit in such a short span, so the people of the country has the right to know in which products the company dealt, who were the buyers and to which countries were the products sent. He pointed out that out of the turnover of ₹80 Crore in 2015-16, the company earned ₹51 crore from exports.

Sharma also accused BJP of adopting double standards. During the UPA regime, he pointed out, the BJP would ask for resignation for everything but now they are quiet. He questioned the silence of the Prime Minister on Vyapam, Sahara Diary, under recovery of spectrum, Srijan, allegations of corruption over Raman Singh’s son and daughter of former Gujarat Chief Minister Anandiben Patel.

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