Finance Minister Arun Jaitley said Lalit Modi’s Rs. 11 crore transaction with BJP leader Dushyant Singh was a commercial one.
Mr. Singh, son of Rajasthan Chief Minister Vasundhara Raje, has been under attack over media reports that his company had received Rs. 11.63 crore in investments from Modi in 2008.
Mr. Jaitley said: “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.”
External Affairs Minister Sushma Swaraj and Ms. Raje have been facing flak for “helping” Mr. Modi in procuring travel documents in the U.K.