Jay Shah says he will sue news portal for Rs 100 crore

Website credits Amit Shah's political stature for son Jay Shah's rise, faces defamation suit

After BJP's fierce defence of Amit Shah's son, now top government lawyer to fight his case

The BJP and the party-led central government's communal agenda, corruption, undemocratic governance and anti-people policies have been exposed in public in only three years, a CPI-M leader said on Monday. He said Mehta had sought Law Minister Ravi Shankar Prasad's permission to appear for Jay and the approval had been granted.

An article on news website "The Wire" had alleged that a company had reported "16,000 times" increase in its turnover in 2015-16 at Rs 80.50 crore.

Amit Shah' son also says that: "I have made a decision to prosecute the Author Editor/(s) and the owners of the aforesaid news website for criminal defamation and sue them for an amount of Rs 100 cores".

One, "company balance sheets and annual reports obtained from the RoC reveal that in the financial years ending March 2013 and 2014, Shah's Temple Enterprise Private Ltd engaged in negligible activity and recorded losses of Rs 6,230 and Rs 1,724 respectively".

Jay Shah's Kusum Finserve also received a letter of credit (LC) of Rs 10.35 crore from Indian Renewable Energy Development Agency (IREDA), a "mini-ratna", according to its website, and under the Union ministry of new and renewable energy, "for setting up a 2.1 MW wind energy plant" worth Rs 15 crore in Ratlam, Madhya Pradesh.

This, The Wire imputes, was illegal and beyond the inference of logical business growth.

Goyal to the rescueThe government roped in railway minister Piyush Goyal to douse the fire as opposition parties picked up on the article.

The issue has become a hot discussion point in political circles, while truth of the issue has not been verified.

Congress vice-president Rahul Gandhi tweeted, "We finally found the only beneficiary of Demonetisation". It's not the RBI, the poor or the farmers. The Congress has asked for a CBI or ED investigation, itself in a corner in the Robert Vadra land scams. He said when the Centre was claiming closure of over 1 lakh shell companies and identification of about 37,000 companies for strong action, how did Jay Amitbhai Shah's company, which looked like a shell company, escaped from this list. Two days after the hartal, took place these incidents.

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