No question of corruption, says Shah on son’s firm
Ahmedabad: BJP chief Amit Shah said on Friday there was “no question of corruption” in his son’s company, as alleged recently, adding that it had not “received government land or contract worth even a rupee”.
He was referring to a recent report that claimed a company in which Jay Shah was a director saw a huge rise in turnover after BJP came to power in 2014. The BJP president also hit out at Congress, saying it did not file a defamation suit despite facing several corruption charges, while his son had moved court over the allegations against him.
“The company has not taken commission like in the case of Bofors,” Shah said.
The company, he added, dealt in commodities like rice and millets. “They are saying that the turnover of the company was Rs 80 crore, but they are not showing that it incurred a loss of Rs 1.5 crore. This is a high-volume, low -profit business. Where is money laundering in it?” Shah asked. Replying to a query on the loan given to the firm, Shah said, “You have to understand first that it was not a loan, but a letter of credit. We were given credit to lift material against cash deposits. Jay’s cash was lying in the bank and we have paid the loan with interest.”