Jay Shah's businesses saw huge growth after Modi became PM, says The Wire report; Union minister Piyush Goyal says Jay will file Rs 100 cr defamation suit
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
Even if the company is completely above-board, it looks very odd.
Revenue Profit
2014-15: Rs. 50K Rs. 18.7K
2015-’16 Rs. 80Cr (!) (Rs. 1.5Cr.)
In short, during 2015-’16, the company served as a conduit for a HUGE amount of money, but was unable to make a net profit. And wound up operations in Oct 2016, which was a month before demonetization hit. It would be useful to see just where the deluge of money came from and where it went to.
It may all be perfectly innocent, but it looks odd. Since no crime is alleged, the information cannot be compelled from the company through any legal means. Reporting on it and keeping the spotlight on it is the only way it comes out.
Crony Capitalism is not a crime …
Even if the company is completely above-board, it looks very odd.
Revenue Profit
2014-15: Rs. 50K Rs. 18.7K
2015-’16 Rs. 80Cr (!) (Rs. 1.5Cr.)
In short, during 2015-’16, the company served as a conduit for a HUGE amount of money, but was unable to make a net profit. And wound up operations in Oct 2016, which was a month before demonetization hit. It would be useful to see just where the deluge of money came from and where it went to.
It may all be perfectly innocent, but it looks odd. Since no crime is alleged, the information cannot be compelled from the company through any legal means. Reporting on it and keeping the spotlight on it is the only way it comes out.