“RBI waived Rs. 1073 crores loan of Jain Infra Pvt Ltd company owned by Jay Shah”
What FACTLY found
According to a RTI response, a sum of Rs. 1073 crores have been written off to Jain Infra Projects Limited. As per the information available on Ministry of Consumer affairs, Jay Shah is not featured in the list of directors of the company. Also there are no reports of associating Jay Shah to this company. There are allegations of meteoric rise in revenues and unsecured loans acquired by the company owned by Jay Shah. However, here is no mention of loan waiver or write off to this company. It ...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 30 January 2022. FACTLY (India) looked into it and published its finding on 1 February 2022, 2 days later. Its rating was “FALSE”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.