Jay Amit Shah, son of Bharatiya Janata Party (BJP) president Amit Shah, on Sunday issued a statement against the news report published on the news website The Wire. In the statement, Jay Amit Shah claimed that the news report by The Wire is false, derogatory and defamatory in nature and makes false imputation against him that his business owes success to his father Amit Shah’s position in Bharatiya Janata Party. “My businesses are fully legitimate and conducted in a lawful manner on commercial lines,” Jay Shah added.

The news report titled The Golden Touch of Jay Amit Shah on the news website alleged that, “a company owned by Amit Shah’s son Jay Shah has made more than a fortune after Narendra Modi formed the Central government and Amit Shah became the party president. Jay’s company grew by 1600 times in this period. The data was revealed by Registrar of Companies (RoC).”

In the statement, Jay Shah also claimed that he took the loans for his business from NBFC on purely commercial terms strictly in accordance with law; he also said that he had mortgaged the family property to get the loans and has paid back in time and with interest.

The BJP on Sunday also termed the report as “malicious and defamatory” and said that Jay Amit Shah will file Rs 100 crore civil and criminal defamation lawsuits against the author of the story and the editors and owners of news website.

During a press conference, Union Minister, Piyush Goel said, “all the transactions and loans obtained by Jay Shah’s firms — Temple Enterprises Pvt Ltd and Kusum Finserve — were done in a transparent manner and the loans were paid back with interest.”

Earlier in the day, Congress and AAP demanded that Prime Minister Narendra Modi initiate a probe in this matter.