Belagavi, Nov 15 (UNI) Suspended BJP MLA and Siddhasiri Multi-state Cooperative Society president Basanagouda Patil Yatnal on Sunday strongly defended the society''s investment of Rs 1,065.81 crore in Chincholi Sugar and Bio Industries Ltd, rejecting allegations of financial irregularities and diversion of cooperative funds to a company where his son is a director.