Don’t understand the complexities of investment through companies: Nitish Kumar on Jay Shah controversy

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Bihar Chief Minister Nitish Kumar steered clear of commenting on the raging controversy surrounding Jay Shah, the son of the BJP chief, Amit Shah.

Nitish Kumar
File Photo: AP

Refusing to get drawn into the controversy Kumar said, “I haven’t read the newspapers so it is not proper to comment.” The Bihar Chief Minister was also quoted by NDTV that he did “not understand the complexities of investment through companies.”

Kumar’s response assumes significance given that he had severed ties with the RJD and Congress in July this year after questions were raised against the business dealings of Tejashwi Yadav, the son of Lalu Prasad Yadav.

Justifying his decision to dump the grand alliance and join the BJP, Kumar had said that he listened to his conscience then.

However, his former deputy, Tejashwi, took a potshot at Kumar when he conducted a Twitter poll with following questions; “What will Nitish Kumar’s conscience do on Amit Shah’s son? 1: Continue to sleep 2: Will wake up”

In an explosive piece, The Wire website on Sunday claimed that the balance sheets and annual reports obtained from the RoC had revealed that in the financial years ending March 2013 and 2014, Shah’s Temple Enterprise Private Ltd. engaged in 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.

Congress has asked Prime Minister to order immediate probe by the Enforcement Directorate and CBI while also demanding answers from him. The Congress also accused the government of promoting what it said was crony capitalism.

Meanwhile, Jay Shah has said that he will file a criminal defamation worth Rs 100 crore against the journalist, her editor and the website. This was tweeted from the BJP’s official Twitter handle on Sunday.

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