Transaction between Lalit Modi, Raje's son commercial: Jaitley

June 21, 2015 13:48

Finance Minister Arun Jaitley,on a nine-day visit to the US, chose to largely stay mum on the controversy surrounding Lalit Modi raging back home but said the tainted former IPL chief's Rs 11 crore transaction with BJP leader Dushyant Singh was a "commercial" one.

"I do not want to comment on him (Lalit Modi), but it's a commercial transaction between two individuals," Jaitley saidat a press conference in Washington.

The minister was asked, "What is the government doing on the transaction of Rs 11 crore between Lalit Modi and Dushyant Singh?"

Jaitley responded: "How the government could be concerned with a several year old loan transaction between... which is a commercial loan transaction by check with all banking approvals in a declared loan transaction."

Singh, son of Rajasthan Chief Minister Vasundhara Raje, has been under attack over media reports that his company received Rs 11.63 crore in investments from Modi in 2008.

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