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Amit Shah Rejects Allegation of Money Laundering on Son Jay Shah

"Where has money laundering been done? All the transactions happened through cheques and banks," claimed Amit Shah at an event.

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Amit Shah, BJP National President. Wikimedia

Ahmedabad, October 13, 2017 : Breaking his silence, BJP president Amit Shah rejected allegations of money laundering against his son Jay Shah whose company had reportedly recorded an extraordinary spike in business after the BJP came to power at the Centre, and asserted that it had not done any business with the government nor taken any kickbacks.

He also said that unlike the Congress, which had faced many corruption charges in the past, his son has shown courage to file a civil and criminal defamation suit on the allegations levelled against him and “invited a probe against himself” by this step.

“There is no money laundering involved in Jay’s company. This company is completely in commodity business, where turnover is more while the profit is less. We have exported bajra, corn and rice while coriander was imported. And after doing a turnover of Rs 80 crore, they don’t tell how much they made profit,” Amit Shah said at an “India Today” event “Gujarat Panchayat”.

Answering questions, he said that after making a turnover of Rs 80 crore, Jay made a loss of Rs 1.5 crore. “Where has money laundering been done? All the transactions happened through cheques and banks,” he said.

Asked about Jay Shah filing a defamation suit against the publication, Shah said: “Before answering your question I would like to ask you one thing. After Independence, how many corruption charges have been made against the Congress?

“Please understand this is not corruption. Many allegations of corruption were made against the Congress. Did it ever file a civil suit or defamation suit? No. Why they lacked such courage? Today Jay has filed a defamation as well as civil suit and is demanding a probe himself. Those who have the evidence can submit it to the court, and then the court will decide,” the BJP president said.

He said: “We have ourselves invited a probe and on the company issue I want to clarify that it has not done business with the government of even Re 1 nor taken any government land or tender. Neither has it received kickbacks as in the case of Bofors.”

When asked about Jay’s company securing unsecured loans, Shah said it was not unsecured loans. “It was a line of credit,” he added. (IANS)

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Algeria Embarking ‘Clean Hands’ Campaign Against Corruption, Questions Tycoons

Corruption is a major complaint of the masses of protesters who helped drive longtime leader Abdelaziz Bouteflika from office earlier this month

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algeria, clean hands campaign, corruption
FILE - Protestors carry a large flag and chant slogans during a demonstration against the country's leadership, in Algiers, April 12, 2019. VOA

Algerian authorities are embarking on a “Clean Hands” campaign aimed at rooting out corruption that has been linked to top tycoons and current and former government officials. Corruption is a major complaint of the masses of protesters who helped drive longtime leader Abdelaziz Bouteflika from office earlier this month. New protests are scheduled for Friday.

Several influential Algerians have been questioned or arrested in recent days. Among them is Issad Rebrab, head of Algeria’s biggest private conglomerate Cevital, who is suspected of possible customs-related violations and other financial wrongdoing, according to prosecutors.

Rebrab, 75, is estimated by Forbes to be Algeria’s richest man and employs 18,000 workers in his agribusiness empire. He tweeted that he went in voluntarily for police questioning. He was questioned for six hours before being taken to the El Harrach prison.

clean hands campaign, corruption
Corruption is a major complaint of the masses of protesters who helped drive longtime leader Abdelaziz Bouteflika from office earlier this month. VOA

Others targeted include a legislator accused of accepting bribes from a Chinese company. Also detained for questioning this week were three wealthy brothers believed close to Bouteflika’s brother Said, and seven Industry Ministry officials suspected of “non respect of contractual commitments with state enterprises” and influence trading.

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The Kouninef brothers’ lawyers said they are respecting the legal procedures but need time to consult the case files before commenting. The brothers made their fortune in the oil, food and advertising businesses.

The highest court in Algeria announced in a statement Wednesday that it is considering a case against ex-energy minister Chakib Khelil for acts related to “violations of foreign exchange laws and transfers of capital to foreigners.” Khelil is a close friend of Bouteflika and a high school classmate. Other former ministers are also targeted. (VOA)