New Delhi, April 10 -- : Finance Minister Arun Jaitley has hit out at the Opposition for alleging political vendetta behind Income Tax (IT) raids, claiming that an "institutional mechanism" of corruption prevails in Madhya Pradesh and funds were round-tripped for a "political purpose" in Karnataka.
"In Madhya Pradesh, an institutional mechanism has been created where money that is meant for development and social welfare of the weaker sections are now being channelled into politics," Jaitley wrote in his blog on Tuesday.
The minister defended the IT department's actions, saying that the money meant for public welfare was being used for a "political purpose" in Karnataka where Congress and JD(S) are in power.
He said, "In the public space...