Reacting to allegations against former chief minister Madhu Koda for amassing wealth illegally, Finance Minister Pranab Mukherjee Tuesday said nobody was above law and that his government will take necessary action as warranted.
"The law will take its own course. There are always exceptions in every field," the finance minister said during the course of an interaction at the Economic Editors' Conference here, responding to queries over Koda.
"Our government will do the needful, whenever required."
The income tax department has been probing allegations against Koda and his associates for amassing wealth higher than their known sources of income and even conducted raids at 70 places in eight cities.
The tax authorities claim they have discovered documents relating to several illegal transactions worth some Rs.2,000 crore (Rs.20 billion). Koda was also interrogated by the sleuths and was charged with not cooperating with the investigation.