The party said the inquiry could be done by a special investigation team under the supervision of Supreme Court.
CPI (M) General Secretary Sitaram Yechury questioned why the Prime Minister is being "silent" over the issue and expressed doubts if the PMO too had endorsed facilitating the ex-IPL chief.
"Probity of this Narendra Modi government is under a big question mark, his (Prime Minister's) accountability and transparency. This can only be answered if a proper probe is constituted and till the probe is on, these people should not continue to remain in office," Yechury said.
"It will surely be an issue during the upcoming session of Parliament and particularly in the background of the tall claims made by this government. And why is the Prime Minister silent? Whether there has also been an endorsement of the PMO to all that has happened?" he said.
Terming both Swaraj and Raje as his "good friends", Yechury said there is nothing personal in his party seeking their resignation.
"But the problem is probity of the government and its accountability. If that has to be maintained, there is no other course," he said.
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