Update on the press conference held by Arun Jaitley on the graft charges against Rahul Gandhi.

The BJP today asked the Congress to clarify whether it paid Rs 90 crore to Associated Journals, which ran the now-defunct National Herald daily, saying if it was true it was violation of tax and electoral laws.

Raising questions on the basis of details provided by Janata Party President Subramanian Swamy yesterday, Leader of Opposition in Rajya Sabha Arun Jaitley told reporters that if it was true that such a transfer had taken place then it could lead to various consequences for the Congress party, including withdrawal of tax exemption.

Jaitley said he merely wanted a specific answer from the party and not adjectives like baseless and untrue as was used in a communication issued by Rahul Gandhi's office to Swamy threatening defamation case against him.

He said if the Congress party were to say that what Swamy has alleged was wrong then the matter ends. If not, then the whole issue is one of "gross impropriety and gross illegality". The former Law Minister maintained that a political party can use its funds only for political purposes and not any business or financial activity.