In a written statement, Gadkari said "I have committed no wrong or any impropriety either directly or indirectly. Yet, the UPA government has been making an effort to spread disinformation about me in order to hurt me and my party. I have always said that I am willing for any independent inquiry."
Gadkari is facing charges of dubious funding of his Purti Power and Sugar Limited as well as of not returning excess land alloted to the factory.
"I do not wish that this should in any way adversely affect the interests of BJP. I have, therefore, decided not to seek a second term as the president of BJP," Gadkari said, adding he has conveyed his decision to the party.
He vowed to fight the UPA government's "efforts" against him--both politically and legally.
"I am extremely grateful to all my colleagues and the cadres of BJP who have cooperated with me during my term as a president. I shall continue to serve my party as a committed worker," Gadkari said.
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