Finance Minister Arun Jaitley. (File/PTI Photo) Finance Minister Arun Jaitley. (File/PTI Photo)

As a multi-agency probe continues into leaked ‘Panama Papers’ showing alleged offshore tax haven holdings of Indians, Finance Minister Arun Jaitley today said “Congress will not have many reasons to celebrate” when the details come out in this case.

He also asserted that the probe is being done in a “very impartial” way and rejected demands from Congress and Aam Aadmi Party (AAP) that he should “recuse” himself from the matter.

“I have not understood their argument,” Jaitley said in reply to a question on the opposition demand that he should recuse himself for being “close” to a person named in the leaked documents. He was talking to reporters at a media interaction organised by state BJP at the Press Club here.

On a question on impartiality on the probe, the Union Minister said, “It is very impartial, and a multi-agency probe is going on. When the details will come out, Congress will not have many reasons to celebrate.”

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Congress and AAP have targeted Jaitley on the Panama Papers issue and have demanded a judicial probe into the allegations about some Indians setting up offshore entities in a tax haven and asking him to “recuse” from dealing with the matter, saying a fair probe was otherwise not possible as Jaitley was ‘close’ to a person named in the leaks.

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