In the four days that have passed since the publication of The Wire's article on the proliferation of Jay Shah's businesses, the publication and the journalist have been sued for Rs 100 crore by the BJP president's son, Congress has jumped on the revelations demanding immediate probe and several union ministers have issued statements in defence of the Shahs.
Shah said the firm was into trading of commodities like rice and millet, a high-value and low-profit venture. "And after doing a turnover of Rs 80 crore, they don't tell how much they made profit", Amit Shah said at an "India Today" event "Gujarat Panchayat" here.
The BJP government in the state is the best financially managed government and had brought down the financial liability from Rs 4,000-crore created by the previous Congress regime to Rs 2,500 crore, he said and asked the Congress not to worry about special packages so early. "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".
He also refuted allegations of money laundering and said all payments were made by cheque. "There is no question of money laundering", he added.
On October 9, Jay Shah filed a criminal defamation suit against The Wire in a metropolitan court in Ahmedabad.
The Aam Adam Party (AAP), too, hit out at the BJP and said it will launch a protest across Uttar Pradesh to demand an independent SIT probe into allegations against Jay Shah.
"Even after facing so many corruption charges, Congress never filed a defamation suit but Jay has filed one..." Why they lacked such courage? Jay has filed a defamation suit. His company has not done any dealings with the government, has not taken any land... Asked about the loan given to the company, Shah said, "You have to understand first that it was not a loan, but a letter of credit. Jay's cash was lying in the bank, and we have paid the loan with interest".