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The Jay Amit Shah story: Low on Facts, High on innuendo

By Team Pardaphash 
Updated Date

New Delhi: After staying away for so long, journalist Rohini Singh is back. Singh was last seen as a journalist with Economic Times.

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She was on the forefront of their coverage of the Uttar Pradesh elections of 2017.

Her latest scoop is titled: “The Golden Touch of Jay Amit Shah” and documents the rise of Amit Shah’s son’s businesses, and how they coincide with Narendra Modi becoming prime minister.

But the fact of the matter is, there is not much substance in the story.

As soon as Narendra Modi become PM, a failed business of Amit Shah’s son, became an overnight success. But one needs to take into consideration the fact that all this happen when Jay Amit Shah was appointed as director in the company just before the financial year started, in January 2015. And the expansion was on top of the agenda for company.

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In a nutshell, this major “expose” by Rohini Singh is nothing but an imaginary fairy tale.

What goes hidden is the fact that how a company owned by Amit Shah’s son, made a loss of Rs 1.48 crores as soon as Modi came into power, and eroded its net worth, forcing it to shut operations. Another company took standard business finance facilities from a cooperative bank. These finance facilities were misrepresented by Singh as “loan”. It also made use of a Government scheme to promote renewable energy by taking a loan for a wind power project. While narrating this Singh could not even distinguish between a negative reserves position from a positive position.

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