Taking on BJP president Amit Shah in a direct attack, the Congress on Saturday said that Mr Shah’s son is the finest example of Narendra Modi government’s ‘Startup India’ and added that it will approach the Election Commission to demand action against Mr Shah, who allegedly omitted to mention liabilities in his election affidavit.
Talking to mediapersons here, the Congress MP and former Union Minister Jairam Ramesh, referring to the media reports, alleged that when questions were raised about Mr Shah’s son Jay Shah’s Temple Enterprises, which was shut down after turning 16000 times its initial worth in a short time, another company of BJP President’s son’s Kusum Finserve got undue benefits.
“After Temple Enterprises was shutdown, another company of Amit Shah’s son- Kusum Finserve- was established by mortgaging Amit Shah’s properties”, Mr Ramesh said.
Pointing out some alleged irregularities on the functioning of Kusum Finserve, the Congress leader said that, the firm has not submitted any annual report to the government so far.
“Jay Amit Shah’s Kusum Finserve got credit facility of more than Rs 95 crore by mortgaging his father BJP president Amit Shah’s properties, whereas its net-worth was only Rs 5.83 crore.
He also alleged that when the BJP president filed his election affidavit in 2017, he completely omitted to state his liabilities in the affidavit.
Media reports alleged that Mr Shah mortgaged two of his properties for his son’s Kusum Finserve LLP, and acquired Rs 97.35 crore from two banks and one government undertaking, though the firm’s reported balance sheets shows a net worth of only Rs 5.83 core.
It also alleged that Mr Shah concealed the information that he has liability to the credit facility for his son’s firm in his 2017 election affidavit for the Rajya Sabha.
“Kalupur Bank of Gujarat, a commercial cooperative bank, of which one of the shareholders is Gujarat’s Deputy Chief Minister Nitin Patel has given credit worth Rs 25 Crore to Kusum Finserve”, alleged Mr Ramesh.
Taking on the allegation further, the Congress leader said that the BJP president’s son’s company allotted 15,574.84 square meters of land by Gujarat Industrial Development Corporation (GIDC).
“The nation wanted to know how and why the GIDC allotted land. which is worth only Rs 6.33 crore, in Sanand’s industrial estate”, said Mr Ramesh.
He also alleged that Kusum Finserve, which has no experience in energy sector, received a loan of approx Rs 10.5 crore by IREDA when Union Minister Piyush Goyal was the Minister of Power.
“The loan was disbursed by violating all rules”, said the Congress leader.