Interestingly, in the years 2007-08, 2008-09, 2014-15, 2015-16 and 2016-17, Piyush Goyal and family did not even disclose the complete source of earnings of Intercon Advisors Private Limited

The income was attributed to ‘Consultancy Fee’, ‘Short Term Capital Gains’ or ‘Profit on Future and Options’ without giving any details.

The company’s corporate filing reflects that there was no normal business income or activity that had been specifically described.

There are at least 11 companies in which either of the Goyals were or still are directors. And as and when they resigned, they were replaced by the same set of people from three families, Khera claimed on the basis of official documents.

Several of these companies have borrowed several hundred crores from banks and have defaulted in their payment. Some of them like Asis Plywood Ltd applied for insolvency and received protection from the National Company Law Board.

Stressing that there is a pattern in these deals, the Congress spokesman demanded a high level inquiry by a sitting or retired Supreme Court judge. He also demanded that since there are indications that the companies have earned money through dubious means and defrauded banks, the Union Railway Minister Piyush Goyal must either resign or be dropped from the ministry.