That same year, it received an unsecured loan worth Rs 15.78 crore from non-banking financial company KIFS Financial Services, before winding up its business in October 2016.
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.
Congress vice-president Rahul Gandhi tweeted, "We finally found the only beneficiary of Demonetisation".
CPI (M)'s Sitaram Yechury claimed that it was the latest in a series of cases of corruption under the Modi government. A number of Union ministers and BJP leaders, including Piyush Goyal, Smriti Irani and Ananth Kumar, had come out in strong defence of Amit Shah's son over the allegations. It's the Shah-in-Shah of Demo. 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".
"It is a totally malicious and defamatory article".
If anyone else republish/re-broadcast the imputations made in the said article, whether directly or indirectly, such person or entity will also be guilty of the very same criminal and/or civil liability.
The seven respondents in the case are the author of the article Rohini Singh, founding editors of the news portal Siddarth Varadarajan, Sidharth Bhatia and MK Venu, managing editor Monobina Gupta, public editor Pamela Philipose and the Foundation for Independent Journalism, the non-profit company that publishes The Wire. "There are no charges in the article but only imputation", Goyal said.
Piyush Goyal also explained that "Jay Shah had replied with all details to author's questionnaire". "BJP president Amit Shah should also answer whether the favours given to his son's company were done under any political pressure", he said.
"Insinuations have been made that sought to create the wrong perception.We are defending because the party president and the prime minister have been dragged in, and I have an obligation towards the party and the government", The Indian Express quoted Goyal as saying. Will you give direction to the CBI to probe the matter?
"Today, we ask a question to the prime minister, the pradhan sevak".