Oil Minister M Veerappa Moily cautioned against India becoming like Russia, where investors dread to go and billionaires are jailed.
“I am not here to give a value judgment on that but at the same time I think the time has come to ensure that whatever we do it should be in accordance with strict rule of law. And ultimately on mere perception you cannot proceed against anybody unless there is a cogent evidence to proceed with,” he told reporters here.
Moily said the CBI has proceeded in the matter on certain lines, which if it is based on evidence, “nobody can question them”.
“If not, then we should be careful. Because ultimately India cannot become just like Russia where investors are not prepared to go and billionaires are put behind the bars. That should not happen here,” he said.
