BJP rallies around party leader amid controversy over son's business

Jay Shah says he will sue news portal for Rs 100 crore

After the report was published online, Congress attacked BJP president Amit Shah and asked Prime Minister Narendra Modi to explain what it called the "Shah model of business" and demanding an enquiry. He had on Sunday said he would also file a Rs 100-crore civil defamation suit. "The editor of the website is Mr Siddharth Varadarajan". "Both the actions will be filed at Ahmedabad where I stay, carry on my business and where the cause of action has arisen".

He also acknowledged that Tushar Mehta, the ASG, was cleared virtually straight away to handle Jay Shah's case - on the same day that the government lawyer applied for sanction. The report had claimed that the turnover of a firm owned by Jay had increased by 16,000 times after the BJP came to power at the Centre and his father was made the party chief. There is no harm if the best of lawyers appear for him.

In an explosive piece, The Wire website wrote that the balance sheets and annual reports obtained from the RoC had revealed that in the financial years ending March 2013 and 2014, Shah's Temple Enterprise Private Ltd. engaged in negligible activity and recorded losses of Rs 6,230 and Rs 1,724 respectively.

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Shah said his businesses were completely transparent and conducted legally, which was indicated by the tax compliances. "Please say something", Gandhi tweeted in Hindi.The Congress held press conferences on the issue in almost a dozen cities and state capitals across the country.

"We are defending because the party president and the Prime Minister have been dragged in", railway minister Piyush Goyal told the Indian media.

He alleged that the only beneficiary of demonetisation was not the RBI, the poor or the farmers, but it's the Shah-in-Shah of demonetisation. "Would he ask for an investigation by the CBI and the Enforcement Directorate as they normally do in the case of people from the Opposition". It's the Shah-in-Shah of Demo. "Did any doubtful transactions take place during this time?" he asked. 25 crore to Kusum Finserv, a limited liability partnership, in which Jay Shah had a 60 per cent stake, even though this company had no prior experience of operating in the power sector.