Jay Amit Shah to file Rs 100 crores criminal defamation suit against the author, editor & owner of The Wire

October 08, 2017
Ahmedabad BJP Gujarat Politics

New Delhi: BJP has termed the allegations made against Amit Shah’s son Jay Shah on website The Wire as derogatory, defamatory, malicious, hallowed and baseless.

The story apparently lacking depth of understanding the basics of how finances and companies function alleged that a company run by BJP president Amit Shah’s son had posted a turnover which was 16,000 times that of previous year.

Reacting to the story, BJP leader and Union minister Piyush Goyal said there is “absolutely no substance whatsoever” in the story reported by The Wire. Goyal said the online news portal was trying to damage the reputation of Amit Shah.

“Mr Jay Shah, son of Amit shah, has decided to file criminal defamation suit against the author, editors and the owners of The Wire. They shall be prosecuted for criminal defamation and sued for an amount of Rs 100 crore in the Ahmedabad court,” he said.

Goyal said that Ajay Shah ran a “fully legitimate business” and all transactions were done through formal banking.

Responding to allegations of Jay Shah’s company, Temple Enterprises Pvt Ltd, obtaining an “unsecured loan”, Goyal said: “All loans have been taken strictly in accordance with law..security has been provided. And the loan taken from NDFC has been full paid along with the interest.”

“Mr Jay Shah responded to the questionnaire with details of all the transactions…shah has nothing to hide,” he said.

“Jay Shah is an engineer from a reputed college. He partnered with Jitendra Shah, a commodity trader. Together they decided to start commodity trading. The agri commodities business is a high volume low margin business. When you start a new business, you are bound to see an increase in business. 80 cr is not a big revenue in the commodities business. Unfortunately the business was closed due to loses.”

Goyal said, ‘We believe in legitimate and honest transactions. we don’t take refuge in falsehood as the Congress is known to do. All loans were in accordance with law and were paid back with full interest.’

Goyal said, ‘With closing of business, all loans were paid withing prescribed time limit with interests. There has been no over due pending with Jay Shah’s company. Our leaders honestly live their life with hard work. Our leaders are not those who don’t do any work and live life.’

‘All business transactions of Jay Shah are accounted and taxes are paid.’

‘The attempt to show 16,000 times higher is just an attempt to make it sensational. In commodity trade, transactions are high value. If company was not doing business and started from zero, it can reach even 16 lakh time higher mark why only 16,000 time higher,’ Goyal said.

He said defamation suit will be filed tomorrow in Ahmedabad.

Goyal said there’s not a single charge in entire article suitable to attract probe. There’s only imputation with malicious intention. New company would obviously have turnover in first year in higher value.

‘They even gave mischievous title as ‘Jay Amit Shah’ attempting to impute or indirectly linking(Amit Shah) and even put his photo. Even my photos has been put there as indirect imputment. Jay Shah told me that he received loan 9 months after application,’ Goyal said.

Statement by Jay Shah

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