Amit Shah's son's company makes Rs 1.4 crore loss in 2016.

[iphifi]

Technically both loss and scam amount are different.
The loss to the nation is a very high figure calculated by the CAG.
The scam/bribe amount is the kickbacks taken by Kanimozhi, A.Raja, Kalmadi etc.
Scam amount is a criminal offense. Loss to nation can only be used to strengthen the case against bribe taker.

In this instance there is only loss to himself and there is no bribe/scam amount because he did not cheat anyone.
Unsecured loans are legal and has to be payed back with interest and is legally enforceable.

Imagine you take a loan to assemble a windmill. But company is not profitable and so you sell it at a loss.
Then someone writes a hit-piece saying your wealth has multiplied by many times.

 

[PRK]

Technically both loss and scam amount are different.
The loss to the nation is a very high figure calculated by the CVC.
The scam/bribe amount is the kickbacks taken by Kanimozhi, A.Raja, Kalmadi etc.
Scam amount is a criminal offense. Loss to nation can only be used to strengthen the case against bribe taker.

In this instance there is only loss to himself and there is no bribe/scam amount because he did not cheat anyone.
Unsecured loans are legal and has to be payed back with interest and is legally enforceable.

Imagine you take a loan to assemble a windmill. But company is not profitable and so you sell it at a loss.
Then someone writes a hit-piece saying your wealth has multiplied by many times.

What can you expect from the wire.

 

[karan_hdl]

Technically both loss and scam amount are different.
The loss to the nation is a very high figure calculated by the CVC.
The scam/bribe amount is the kickbacks taken by Kanimozhi, A.Raja, Kalmadi etc.
Scam amount is a criminal offense. Loss to nation can only be used to strengthen the case against bribe taker.

In this instance there is only loss to himself and there is no bribe/scam amount because he did not cheat anyone.
Unsecured loans are legal and has to be payed back with interest and is legally enforceable.

Imagine you take a loan to assemble a windmill. But company is not profitable and so you sell it at a loss.
Then someone writes a hit-piece saying your wealth has multiplied by many times.

Can understand what you say but Working Capital more or less should be considered as an asset which will translate in journalist language as wealth.

Then talking about 2G Scam the beneficiary list should first include corporate companies involved followed by Politicians,Jay Shah & Kanimozhi follows some close pattern,that is kickbacks invested in business same with Jay Shah which is called unsecured loans.

When common man without any political backing ends his life as just a small & medium entrepreneur while Politicians Son expands in a blink of one Full term of his/her related in power.

 

[iphifi]

Working Capital more or less should be considered as an asset which will translate in journalist language as wealth.

kickbacks invested in business same with Jay Shah which is called unsecured loans.

When common man without any political backing ends his life as just a small & medium entrepreneur while Politicians Son expands in a blink of one Full term of his/her related in power.

1. Working capital is not wealth. It fall in the one side of the account of the company. Which here is offset by the loans. So not wealth.
2. Unsecured loan is a regular loan without a collateral but is a legal transaction. Now if his father did some specific scam for the loan giver then it can be questioned. This journalist does not make any allegation other than that they are some BJP person.
3. This is a wrong notion that he has become rich. There are instances of many businesses which have high capital and have gone bankrupt.

 

[karan_hdl]

1. Working capital is not wealth. It fall in the one side of the account of the company. Which here is offset by the loans. So not wealth.
2. Unsecured loan is a regular loan without a collateral but is a legal transaction. Now if his father did some specific scam for the loan giver then it can be questioned. This journalist does not make any allegation other than that they are some BJP person.
3. This is a wrong notion that he has become rich. There are instances of many businesses which have high capital and have gone bankrupt.

The part that need to be investigated is why the BJP financial Company gave such a huge unsecured loan which may shed some light,not only scam but benefits in some other forms might be obtained for the financial institution which gave loan with the influence of Mr.Shah.

 

[iphifi]

The part that need to be investigated is why the BJP financial Company gave such a huge unsecured loan which may shed some light,not only scam but benefits in some other forms might be obtained for the financial institution which gave loan with the influence of Mr.Shah.

The companies that gave loans are PSU co-operative banks. It's their job to give loans to small/medium business.

 

[Sarkar]

The part that need to be investigated is why the BJP financial Company gave such a huge unsecured loan which may shed some light,not only scam but benefits in some other forms might be obtained for the financial institution which gave loan with the influence of Mr.Shah.

You are worried about loan of amount just 20-30 crore, look at what Mallya got under UPA, 7000 crore for his close relationship with Congress

 

[karan_hdl]

You are worried about loan of amount just 20-30 crore, look at what Mallya got under UPA, 7000 crore for his close relationship with Congress

What stops BJP Govt to sell his property & recover the loans,from India to Overseas everything should be sold,Since BJP didn't done anything worthwhile to mention is there any Nexus between ruling party & Mallya.

 

[karan_hdl]

The companies that gave loans are PSU co-operative banks. It's their job to give loans to small/medium business.

Reading closely into The Wire article the entire fuss is centrally about the closure of Temple Enterprises owing to losses and we are debating about loans,If proper enquiry put in place truth will be revealed.

 

[iphifi]

Reading closely into The Wire article the entire fuss is centrally about the closure of Temple Enterprises owing to losses and we are debating about loans,If proper enquiry put in place truth will be revealed.

So truth is not known? Then why make allegations?