Former Finance Minister Yashwant Sinha has criticised the party for defending BJP president Amit Shah’s son Jay Shah. Sinha while lashing out at the party said that the “government has lost its high moral ground for defending party president’s son”. This comes after the former finance minister and Bharatiya Janata Party (BJP) leader Yashwant Sinha shared his views on central government and blamed its policies for the downfall of the economy.

Speaking to NDTV, Yashwant Sinha said, “I don’t want to comment on the merit of the case as it is a matter of investigation but I would like to say the manner in which a central minister jumped into the fray … He is a central minister, not a chartered accountant.” The former Finance Minister, further taking on the government, slammed it for allowing Tushar Mehta, the Additional Solicitor General, to take on the case of Amit Shah’s son Jay Shah.

Earlier in a startling revelation, a company owned by Bharatiya Janata Party (BJP) president Amit Shah’s son Jay Shah made more than a fortune after Narendra Modi formed the Central government and Amit Shah became the party president. Jay’s company grew by 1600 times in this period. The data was revealed by Registrar of Companies (RoC).

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 a negligible activity and recorded losses of Rs 6,230 and Rs 1,724 respectively. In 2014-15, it showed a profit of Rs 18,728 on revenues of only Rs 50,000 before jumping to a turnover of Rs 80.5 crore in 2015-16, The Wire reported.

As reported in The Wire, in October 2016, Jay Shah’s company stopped its business activities suddenly, declaring, in its director’s report, that Temple’s net worth had “fully eroded” because of the loss it posted that year of Rs 1.4 crore and its losses over earlier years.

Yashwant Sinha had said earlier also said that the governments’ decisions like demonetisation, and Finance Minister Arun Jaitley showing a hurry in implementing the Goods and Services Tax (GST) was the reason for the economic slowdown.

First Published | 11 October 2017 7:40 PM
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