Amit Shah refutes allegations of wrongdoing by son's company

Dattatreya Hosabale and Manmohan Vaidya in Bhopal on Thursday

Dattatreya Hosabale and Manmohan Vaidya in Bhopal on Thursday

Also reacting to the Arunachal Pradesh Congress Committee (APCC) statement on the dramatic increase in the fortunes of Jay Shah's company, the BJP termed the allegation levelled by Congress as unfortunate and disgusting. "If a company's turnover stands at Rs One crore, its profit does not become Rs One crore", he was quoted as saying by AajTak.

Jay will also file another civil suit against the news portal to claim damages of Rs 100 crore for tarnishing his image, the BJP has said. "In 2014-15, it showed a profit of Rs 18,728 on revenues of only Rs 50,000 before jumping to a turnover of Rs 80.5 crore in 2015-16". "All the payments were made through cheque; there is no question of money laundering". "Now, you can go to the court with the facts", Shah said.

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Earlier, the BJP had come out in defense of Jay Shah with union ministers like Piyush Goyal and Rajnath Singh backing Amit Shah's son.

On 9 October, Shah filed a criminal defamation case at a metropolitan court in Ahmedabad against seven respondents, including the author of the report, and the editor of The Wire. Jay has filed a defamation suit. Why they lacked such courage?

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"Like any other corruption case, there should be an inquiry and action (should be taken) in keeping with the findings of the inquiry", Dattatreya Hosabale, the joint general secretary who is considered the third in command in the RSS, said today in Bhopal where the Sangh is holding its national executive meeting.

After the report by The Wire was published, leaders of the Congress and other rivals of the BJP made it a rallying point, levelling allegations of crony capitalism. It has not got any government contract worth even a rupee....

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Jay's company, Shah said, dealt in commodities such as rice and millet. This is a high-volume, low-profit business. The loans, he said, were not unsecured but a line of credit. "Jay's cash was lying in the bank, and we have paid the loan with interest".

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