“Naming industrialist Kumar Mangalam Birla and former coal secretary PC Parakh by the CBI in its FIR sent a very, very adverse signal that investors and civil servants will face investigation for irregularities, while the competent authority in the case, the Prime Minister who held the coal portfolio, will go scot-free,” Jaitley said.

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He said that successive corruption scandals like the spectrum and coal blocks allocation is adding to the "disillusionment" towards the UPA government.

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"This (coal block allocation) case is going to send a very, very adverse signal to both international and domestic investors," Jaitley said.

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The Leader of the Opposition in Rajya Sabha said it defied logic that a secretary to the government who recommends a coal block should be made an accused in an FIR filed by the CBI but the minister who sanctions the blocks should be out of it.

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"The competent authority was the minister, the minister in this case happened to be the Prime Minister," he said.     

Jaitley said that Parakh was only a "recommending authority" but has been named as an accused in the FIR.

"The automatic corollary of this has to be that the minister in charge, who was the Prime Minister, cannot be kept out. He is the competent authority," he said.

(Agencies)

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