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Day of Reckoning Has Come For Many: Jaitley After Raids on Chidambaram, Lalu

Finance Minister Arun Jaitley on Tuesday defended searches at the homes of former finance Minister P Chidambaram and his son as also RJD chief Lalu Prasad, saying the day of reckoning has come for many and they will be held accountable for their misdeeds.

News18.com

Updated:May 16, 2017, 8:59 PM IST
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Day of Reckoning Has Come For Many: Jaitley After Raids on Chidambaram, Lalu
File photo of Union Finance Minister Arun Jaitley.

New Delhi: Finance Minister Arun Jaitley on Tuesday defended searches at the homes of former finance Minister P Chidambaram and his son Karti and also RJD chief Lalu Prasad, saying the day of reckoning has come for many and they will be held accountable for their misdeeds.

Jaitley said the tax department or the Central Bureau of Investigation (CBI) do not act unless there is a "substantial basis and a reason to suspect" that there is a tax evasion or a crime has been committed.

"Now people in high positions acquiring assets through shell companies is not a small matter and I think the day of reckoning has come for many, they will all be held accountable," the finance minister told reporters, PTI reported.

ALSO READ: Karti Chidambaram Cries 'Political Vendetta' After CBI Raid at Home

On being asked if the government was using CBI to go after opposition leaders, he said:"Unless there is a substantial basis and a reason to suspect that either there is evasion or a crime has been committed, these departments don't act. Because ultimately whatever action that is taken has to bear some results," he said.

The CBI searched the homes of Chidambaram and his son Karti in a probe into alleged criminal misconduct in giving approval in 2007 for the sale of stakes in INX Media Pvt Ltd to offshore entities.

Separately, the income tax department conducted raids and surveys on at least 22 locations in Delhi and adjoining areas on charges of alleged benami deals worth Rs 1,000 crore linked to RJD chief Lalu Prasad and others.

(- With PTI inputs)

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| Edited by: Bijaya Das
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