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CBI, I-T would not act unless there is substantial reason: Jaitley

IANS  |  New Delhi 

Minister on Tuesday said departments like the and tax, would not act unless there is a substantial basis or reason to suspect something.

"Unless there is a substantial basis or a reason to suspect, these departments don't act. Ultimately the actions have to bear some results," he said responding to questions by the media.

"People in high positions acquiring assets through shell companies is not a small matter. I think this is the day of reckoning that has come for many. They will all be alert," Jaitley added.

He was asked about the opposition charge that the raids on the houses of former Minister P. Chidambaram and his son Karti, and RJD chief Lalu Prasad Yadav on Tuesday were done because of political vendetta.

However, he refused to comment on specific cases, saying: "We do not comment on individual cases."

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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CBI, I-T would not act unless there is substantial reason: Jaitley

Finance Minister Arun Jaitley on Tuesday said departments like the CBI and income tax, would not act unless there is a substantial basis or reason to suspect something.

Minister on Tuesday said departments like the and tax, would not act unless there is a substantial basis or reason to suspect something.

"Unless there is a substantial basis or a reason to suspect, these departments don't act. Ultimately the actions have to bear some results," he said responding to questions by the media.

"People in high positions acquiring assets through shell companies is not a small matter. I think this is the day of reckoning that has come for many. They will all be alert," Jaitley added.

He was asked about the opposition charge that the raids on the houses of former Minister P. Chidambaram and his son Karti, and RJD chief Lalu Prasad Yadav on Tuesday were done because of political vendetta.

However, he refused to comment on specific cases, saying: "We do not comment on individual cases."

--IANS

ag-rv/vsc/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

CBI, I-T would not act unless there is substantial reason: Jaitley

Minister on Tuesday said departments like the and tax, would not act unless there is a substantial basis or reason to suspect something.

"Unless there is a substantial basis or a reason to suspect, these departments don't act. Ultimately the actions have to bear some results," he said responding to questions by the media.

"People in high positions acquiring assets through shell companies is not a small matter. I think this is the day of reckoning that has come for many. They will all be alert," Jaitley added.

He was asked about the opposition charge that the raids on the houses of former Minister P. Chidambaram and his son Karti, and RJD chief Lalu Prasad Yadav on Tuesday were done because of political vendetta.

However, he refused to comment on specific cases, saying: "We do not comment on individual cases."

--IANS

ag-rv/vsc/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22