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Arun Jaitley will come out with flying colors in DDCA issue: PM Modi

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New Delhi: Prime Minister Narendra Modi supported Finance Minister Arun Jaitley saying that the latter will come out of DDCA corruption charges with “flying colours”, a senior minister said.

“Arun Jaitley will come out with flying colours in the same manner as L K Advani (senior BJP leader) did in the hawala case. The Congress is raking up manufactured allegations to defame the government,” Parliamentary Affairs Minister M Venkaiah Naidu quoted Modi as saying at a BJP parliamentary party meeting.

“They tried the same with Sushma-ji, Vasundhara-ji and Shivraj-ji… they (the
Congress) only want to defame the government,” he quoted Modi as saying.

BJP MP Kirti Azad, who had levelled corruption charges again Jaitley, did not attend the meeting.

Azad told reporters he could not attend the meeting due to “prior engagement” and did not boycott the meeting.

Jaitley had denied corruption charges levelled against him by the Aam Aadmi Party and the Congress regarding the DDCA, which he headed for 13 years till 2013.

External Affairs Minister Sushma Swaraj and Rajasthan Chief Minister Vasundhara Raje were targetted by the opposition in the past over their alleged help for financial dealings with former IPL Chairman Lalit Modi.

Madhya Pradesh Chief Minister Shivraj Singh Chauhan’s resignation was sought in the wake of Madhya Pradesh Professional Examination Board scam, popularly known as Vyapam scam.(IANS)

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Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely

A news item has appeared today indicating an increase of money by ‘Indians’ in the Swiss banking system

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Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely
Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely. flickr

Union Minister Arun Jaitley today warned that Indians having illegal deposits in Swiss banks would face harsh penal proceedings under the black money law after Switzerland starts real time sharing of details of accounts from January onwards. Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed by its citizens overseas.

“A news item has appeared today indicating an increase of money by ‘Indians’ in the Swiss banking system. This has led to misinformed reaction in certain circles raising a query whether the government’s anti-black money steps have yielded results,” Jaitley said in a blog. Noting that Switzerland in financial disclosures was always a reluctant state, Jaitley said the Alpine nation has amended its domestic laws involving all disclosures and entered into a treaty even with India and real time flow of information with regard to Indians would be made. “The flow of information is starting in January, 2019. Any illegal depositor knows that it is a matter of months before his name becomes public and he will be subjected to the harsh penal provisions of the black money law in India,” said the senior BJP leader and an eminent lawyer.

Jaitley said the Alpine nation has amended its domestic laws
Jaitley said the Alpine nation has amended its domestic laws. Flickr

Also read: Under Arun Jaitley corruption grew manifold in DDCA: Bishan Singh Bedi

Further, Jaitley said those who participate in a public discourse must understand these basic facts before expressing an opinion which may be ill-informed. “To assume that all the deposits are per se tax evaded money or that Switzerland in the matter of illegal deposits is what it was decades ago, is to start on a shaky presumption,” he added. (IANS)

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