"There is no money laundering involved in Jay's company".
Bharatiya Janata Party (BJP) president Amit Shah defended his son Jay over the latter's alleged involvement in corruption, India Today reports said. "It is extremely unfortunate that since Modi government has taken over, investigating agencies like CBI, ED, IT are used as tools to silence opposition", she said. This company is completely in commodity business, where turnover is more while the profit is less. "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".
The RSS leader also distanced itself from senior BJP leader Yashwant Sinha, who on Wednesday criticized the government for defending Jay Shah. We have exported bajra, corn and rice while coriander was imported. "If a company's turnover becomes Rs one crore, its profit does not become Rs one crore", he was quoted as saying.
"After achieving a turnover of Rs 80 crore, his company suffered a loss of Rs 1.5 crore". Did it ever file a civil suit or defamation suit? No. The BJP, the RSS and now Amit Shah have all dared those making allegations to provide proof.
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Amit Shah also denied that Jay Shah's company got unsecured loan.
Also, soon after the allegations broke out, Union Minister Piyush Goyal addressed a press conference, contending that Jay Shah 'carries out a fully legitimate and lawful business'.
"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.