No question of corruption in Jay's business dealings: Amit Shah

No question of corruption in Jay's business dealings: Amit Shah

The world press freedom and media security watchdog, The International Federation of Journalists (IFJ), has expressed concern over the criminal defamation case filed by Jay Amitbhai Shah, BJP president Amit Shah's son, against news portal The Wire.

Interestingly, in the year 2015-16, its turnover suddenly leaped up to Rs 80.5 crore.

Breaking his silence, BJP President Amit Shah on Friday rejected allegations of money laundering against his son Jay, 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 added: "The business was of commodity trade which is a high value low profit venture. If a company's turnover becomes Rs. 1 crore, its profit does not become Rs. 1 crore.It is unfair to say there was an over 16,000 times jump in profit.say what the turnover was.It makes it seem like the turnover was huge but it wasn't".

After the revelation, the Union Railway Minister, Piyush Goyal rubbished the news and said that Jay Shah will file a case of defamation against the author of the report and the editors of the news web portal. The report also questioned allegedly unsecured loans given to Jay Shah's firms, including from a state-run firm that reports to the Power Ministry.

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However, issuing a statement, Jay has denied all such allegations.

On the question of declining GDP growth rate, Amit Shah said, "The Congress first answer how they brought the 8.8 per cent growth rate handed over to them by the Atal Bihari Vajpayee government to 4.4 per cent".

He said: "We believe in legitimate and honest transactions".

After other leaders in the BJP defended Jay Amit Shah, it was now the turn of his father Amit Shah to come to his defense. In the reports, it tried to expose the two firms in which he has stakes and reported their surprising growth after 2014, the time when Modi became Prime Minister of the country.

The Congress has demanded an inquiry into the matter, while the BJP called the article defamatory.

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