The BJP president also said that his son has himself asked for a probe into the matter. "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.
"The question of corruption does not arise in Jay's company", Amit Shah said during a programme organised by a news channel. "The figure in question is turnover not profit". "There is no question of money laundering".
Taking on the Congress, which has demanded answers from the PM and Shah, the BJP chief said that Congress has faced so many allegations of corruption, yet they haven't filed a single defamation suit, while his son, who has nothing to hide, has filed one.
"If a company's turnover becomes Rs. 1 crore, its profit does not become Rs. 1 crore.It is unfair to say there was an over 16,000 times jump in profit.say what the turnover was.It makes it seem like the turnover was huge but it wasn't". "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.
Q2 Sentiment Pioneer Natural Resources Co (NYSE:PXD)
Independence Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth $822,000. As of December 31, 2016, the Company's gas had an average energy content of 1,400 British thermal unit (Btu). (NYSE:HBI).
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.
"I am going to discuss Jay Amit Shah model of development which within the three years of Modi's government has managed to give a company run by Shah son Jay, a 16 lakh per cent rise in his income".
He said: "We believe in legitimate and honest transactions". Also reacting to the Arunachal Pradesh Congress Committee (APCC) statement on the dramatic increase in the fortunes of Jay Shah's company, the BJP termed the allegation levelled by Congress as unfortunate and disgusting. There have been allegations against Jay that his firm's turnover grew manifold after the BJP came into the power at the Centre. "It was not unsecured loan, it was line of credit", Amit Shah.