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Arun Jaitley on CBI raid on P Chidambaram: Day of reckoning has come

Chidambaram's house was raided on Tue over suspected irregularities during his tenure as minister

Press Trust of India  |  New Delhi 

Arun Jaitley
File photo of Union Minister for Finance, Corporate Affairs and Defence Arun Jaitley addressing an audience at the CII Annual Session 2017 Future of Globalisation:Can India Lead? in New Delhi. (Photo: PTI)

Minister on Tuesday defended searches at the homes of his predecessor 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.

Jaitley said the department or the (CBI) do not act unless there is a "substantial basis and a reason to suspect" that there is a 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 minister told reporters here.

He was asked about the opposition charge against the of using and I-T department to go after opposition leaders.

"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 on Tuesday 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 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 and others.

First Published: Tue, May 16 2017. 21:04 IST