No question of corruption: Amit Shah on son's business deals

Jay Shah and Amit Shah

Jay Shah and Amit Shah

"There is no question of any corruption in the business activities conducted by his son", Amit Shah told a private channel during an event organized by it.

Jay Shah has sued news website The Wire for 100 crores for reporting that his firm's revenues escalated by 16,000 times after the BJP came to power.

Bharatiya Janata Party (BJP) president Amit Shah defended his son Jay over the latter's alleged involvement in corruption, India Today reports said. Jay has denied any wrongdoing and filed a defamation case.

He added: "The business was of commodity trade which is a high value low profit venture".

Answering questions, he said that after making a turnover of Rs 80 crore, Jay made a loss of Rs 1.5 crore. "There is no question of money laundering", Amit Shah said.

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

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.

The criminal case has been filed against reporter Rohini Singh, founding editors of the news portal Siddharth Varadarajan, Sidharth Bhatia and M K Venu, managing editor Monobina Gupta, public editor Pamela Philipose and the Foundation for Independent Journalism, the non-profit company that publishes The Wire. The same year, the company also received an unsecured loan worth Rs 15.78 crore from non-banking financial company KIFS Financial Services, before winding up its business in October 2016.

She alleged that the entire cabinet and rank and file of the Modi-led government are trying to protect Jay Shah, who is just an individual businessman. The loans, he said, were not unsecured but a line of credit.