The Congress on Tuesday alleged that a company owned by BJP chief Amit Shah's son Jay Shah was given land in Ratlam in BJP-ruled Madhya Pradesh to set up a windmill plant to generate 2.1 MW electricity. About loans taken by son of BJP President Shah, Goyal said that, "There is no bar in taking loans and all loans were taken strictly in accordance with law".
Turning the heat up on Modi and the BJP, senior Congress leader Kapil Sibal said the allegations should be investigated. That would be determined only when the case is investigated. "To question the government of the day".
"My businesses are fully legitimate and conducted in a lawful manner on commercial lines which is reflected in my tax records and are through banking transactions", Shah said in his statement which added that he would press criminal and civil defamation charges against the website.
The Aam Aadmi Party, meanwhile, announced that it would protest Monday in front of Amit Shah's house in Ahmedabad, demanding further investigation in the case.
CPI (M)'s Sitaram Yechury claimed that it is the latest in a series of cases of corruption under the Modi government.
Congress spokesman Anand Sharma said Shah must quit as there can not be an independent probe into his son's business as long as he remains the chief of the ruling party.
The article in question traces two companies - Temple Enterprises and Kusum Finserve.
Congress spokesperson demanded the entire business model of Jay Shah be made public, especially where all the money came to it and whether the RBI guidelines were followed while giving some clearances, etc., "so that the youngsters in the country will also come to know the secret formula of a quick business success". But in 2015-16, its turnover jumped up to Rs 80.5 crore.
A report, written by Rohini Singh in "The Wire", details the growth of Jay Shah's company, Temple Enterprise Private Ltd, from revenues of Rs. 50,000 in 2014-15 to Rs. 80.5 crore in 2015-16.
Shah's lawyer told The Wire that the company's business was stock-trading, export and import and marketing consultancy services.
The report also reveals a number of loans received by companies connected to Jay Shah, based on documents filed with the Registrar of Companies.