BJP president Amit Shah sought to defend his son Jay Shah’s business growing 16000-fold after his party came to power, saying his company had not received any contract or land from the government and there was no corruption in its businesses.
“As far as the company is concerned, it has not done business worth a rupee with the government. It has not got government land worth a rupee, it has not got any government contract worth even a rupee,” Shah said.
The BJP chief said that by filing a defamation suit, his son had voluntarily sought an inquiry into the allegations. “The court will now decide on the matter. Jay has moved the court,” he said at a programme organised by a news channel here.
News website The Wire had reported that the turnover of Jay Shah’s company had risen spectacularly after the BJP came to power in 2014.
BJP president Amit Shah said the company traded in agricultural commodities such as rice and millets. “They are saying the company’s turnover rose to Rs 80 crore from a mere Rs 50,000, but they are not showing that it incurred a loss of Rs 1.5 crore. This is a high-volume, low-profit business. If the company’s turnover becomes Rs 1 crore, its profit does not become Rs 1 crore. Despite this turnover, he did not earn profit. All the payments were made through cheque; there is no question of money laundering,” he said.
Asked how could the company get a loan of Rs 25 crore from a cooperative bank, Shah said, “You have to understand first that it was not a loan, but a letter of credit. We were given a credit to lift material against cash deposits. Jay’s cash was lying in the bank, and we have paid the loan with interest.”
Seeking to project his son’s defamation suit against the news portal as evidence of his being clean, Amit Shah slammed Congress leaders for demanding an inquiry into Jay’s business dealings, asking why no Congress leader had ever filed a defamation suit when corruption allegations were levelled against them.
“Have they ever filed a criminal defamation or a Rs 100-crore civil defamation suit? Why could they not gather the courage to file such a suit?” he asked.
“The company has not taken commission as in the case of Bofors,” Shah said, referring to the payoffs scandal allegedly involving the Nehru Gandhi family.
A Gujarat court had adjourned hearing on a criminal defamation petition filed by Jay Shah against The Wire on an application filed on behalf of senior lawyer SV Raju, representing Jay, on his non availability. Jay had also filed a civil defamation suit at Ahmedabad district (Mirzapur) court against the website and sought damages of Rs 100 crore.