National
Why was Jay Shah’s company shut down ahead of demonetisation, asks Congress
New Delhi, Oct 9 (IANS) The Congress on Monday demanded to know why Temple Enterprises, a firm owned by BJP chief Amit Shahs son Jay Shah, shut down four weeks before the November 8 demonetisation, and demanded the setting up of an inquiry commission of two sitting judges of the Supreme Court to look into alleged irregularities in the companies owned by the junior Shah.
“We are not levelling any allegations (of criminality) in this. But it should be made public which commodities were exported/imported by Jay Shah’s firm Temple Enterprises and to which countries so that they earned Rs 51 crore from foreign countries and their turnover swelled by 16,000 times,” Congress leader and former Union Minister Anand Sharma said.
“And after showing a sudden spike of 16,000 times in its turnover, why did the company suddenly shut down just ahead of demonetisation?” Sharma said.
Temple Enterprise Private Limited, in which Amit Shah’s son Jay Shah was a director, was incorporated on August 23, 2004.
On Sunday, Congress leader Kapil Sibal said at a media briefing that Temple Enterprises had recorded losses in 2012-2013 and 2013-2014 of Rs 6,230 and Rs 1,724, respectively but showed a profit of about Rs 18,000 in 2014-15.
But the following year (in 2015-16), the company’s turnover jumped to Rs 80 crore, he said.
“This is beyond comprehension as to why persons who had the potential to raise their company’s turnover 16,000 times in a year, and who got Rs 51 crore from foreign countries, would suddenly decide to shut down the company,” Sharma said.
He said if any other company would have shown such hike in turnover, the Enforcement Directorate (ED) and the Income Tax Department would have landed at their door to find out how it happened.
The Congress also demanded to know how many firms, especially those without any prior experience or core competence in renewable energy, were extended loans of Rs 10 crore or above by government-owned Indian Renewable Energy Development Authority (IREDA).
The IREDA, a PSU under the Ministry of New and Renewable Energy, had extended a loan of Rs 10.35 crore to Kusum Finserve, a company owned by Jay Shah that dealt in shares and stocks before getting a contract to build a 2.1 MW windmill in Ratlam, Madhya Pradesh.
“What is the status of that windmill as of now. Does a windmill exist at the site?” Sharma said.
“We request the Prime Minister to break his silence over this issue and constitute an inquiry commission consisting of two sitting judges of the Supreme Court to look into the matter. If there is no irregularity, let it come into the public domain,” the Congress leader said.
Sharma also alleged that the loan of Rs 25 crore given by Kalupur Cooperative Bank to Kusum Finserve against a security of Rs 7 crore was not in conformity with the RBI guidelines.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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