Banker decries Kejriwal's 'naming and blaming' strategy

Sachin Pilot says people are trying to misuse the system

Eminent banker Deepak Parekh on Sunday said corruption cannot be eradicated from the system and disapproved the way activist-turned-politician Arvind Kejriwal is going about with his exposes.

“Corruption is not going to go away from our country. I think the manner in which he (Kejriwal) is going about is not right,” Parekh told a gathering of top industrialists and bankers at an award function held by CNBC-TV18.

Asked whether he would help Kejriwal if he seeks his advice on economic matters, Parekh said he would never do so and would never vote for his candidates as he did not approve his method. Parekh also slammed the media for incessant coverage of Kejriwal & Co. and asked it to report other important issues.

“I would like to blame you, the media, you have nothing else to report other than Kejriwal. Why do you give so much of importance to all this? Give us some news, don’t tell us what Kejriwal thinks,” Parekh said.

Kejriwal had claimed last week that “crony capitalism” pervaded the system and slammed the BJP and the Congress for having favoured Mukesh Ambani’s Reliance Industries.

Alleging that Jaipal Reddy was unceremoniously ousted from Petroleum Ministry at Ambani’s behest, he said the country was being run by the industrialist.

In the past two months since going political, Kejriwal has made a string of corruption charges and targeted Robert Vadra, BJP chief Nitin Gadkari and External Affairs Minister Salman Khurshid.

On corruption, Parekh said, “I know many crony capitalists, but I know many more corrupt politicians (as well),” but declined to name anyone.

Newly appointed Corporate Affairs Minister Sachin Pilot also criticised the strategy of “naming and blaming” being adopted by Kejriwal.

“I don’t think naming and blaming and creating an atmosphere of mistrust is a positive thing,” Pilot said without naming Kejriwal and admitted that “there are people and institutions who are trying to misuse the system.”

Parekh said he fears that the 2014 elections will throw up a hung Parliament with a “messy” coalition taking charge and asked everybody to vote for either of the two national parties.

“There will not be a single majority party. Both the Congress and the BJP will get lesser seats than they have today and it will be a real mess. It would be a coalition of a larger number of parties (regional) and that will not be good for the country”, he said.

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