Financial transactions with Lalit Modi commercial: Jaitley


Washington: Finance Minister Arun Jaitley, who is on a Nine day visit to the U.S., has said that the 11 crore transaction between Dusyant Singh, BJP leader and son of Rajasthan Chief Minister Vasundhara Raje has been a commercial one.

Jaitley who had largely kept mum over the issue, said at a Press Conference on Saturday at Washington, “I do not want to comment on him (Modi), but it’s a commercial transaction between two individuals.”

Jaitley said that it was 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.