How Amit Shah’s Son Got Meteoric Rise in Business. Corruption?
No government in India is willing to stop corruption because it has become the lifeblood of Indian bureaucrats and politicians.
By Rakesh Raman
Bharatiya Janata Party (BJP) leader Amit Shah’s son Jay Amitbhai Shah has apparently achieved an unprecedented business success.
His company Temple Enterprise recorded a 16,000 times growth in the year following the election of Narendra Modi as prime minister and his father grabbing the post of BJP president.
The company’s balance sheets and annual reports filed with the Registrar of Companies (RoC) reveal that in the financial years ending March 2013 and 2014, Shah’s private limited company recorded losses of Rs 6,230 and Rs 1,724 respectively.
In 2014-15, however, it showed a profit of Rs 18,728 on revenues of just Rs 50,000 before leapfrogging to a turnover of Rs 80.5 crore in 2015-16.
[ Also Read: Is Modi Government 100% Free from Corruption? ]
An online news site The Wire published these findings today. Among many irregularities in Shah’s business, The Wire report reveals that his partnership received a Rs 10.35 crore loan from a public sector enterprise, Indian Renewable Energy Development Agency (IREDA) controlled by the Ministry of New and Renewable Energy. The loan was sanctioned when BJP leader Piyush Goyal was the minister in this Ministry.
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The report raises questions on the manner Shah’s company applied for and got the “loan sanctioned for a 2.1 MW wind energy plant despite lacking any experience in the infrastructure or electricity sector.”
According to the new Vigilance Manual 2017 of India’s top anti-corruption organization Central Vigilance Commission (CVC), corruption is manifested in various forms such as bribery, nepotism, willful action or willful inaction to benefit someone or to deny benefit to someone known or unknown. It also states that corruption includes cases of favoritism and failure to follow laid down processes leading to unintended benefit to someone or denial of benefit to the deserving.
Congress Vice Presidents Rahul Gandhi who is quite vocal about corruption in Modi government said, “We finally found the only beneficiary of Demonetization. It’s not the RBI, the poor or the farmers. It’s the Shah-in-Shah of Demo. Jai Amit.”
We finally found the only beneficiary of Demonetisation. It’s not the RBI, the poor or the farmers. It’s the Shah-in-Shah of Demo. Jai Amit https://t.co/2zHlojgR2c
— Office of RG (@OfficeOfRG) October 8, 2017
Meanwhile, The Wire claims that Shah’s lawyer has threatened the news site with a warning that his client will take a legal action against the site.
Meanwhile, The Indian Express reports that Jay Shah has decided to file a Rs. 100-crore criminal defamation suit against The Wire and the author of the article.
By Rakesh Raman, who is a government’s National award-winning journalist and social activist. He has formed an environment-protection group called Green Group in Delhi. Earlier, he had been associated with the United Nations (UN) through United Nations Industrial Development Organization (UNIDO) as a digital media expert to help businesses use technology for brand marketing and business development. He also runs a free school for deserving children under his NGO – RMN Foundation.
Photo courtesy: BJP
