"His statement of clarification does not wash. He did say what was published in all the newspapers....It is a realisation that has come late after the damage has been done", senior Congress leader Anand Sharma told reporters.
Jaitley, however, has said that he "never used" such a word and that his words were "misinterpreted".
"I have never used such a word. That is never part of my domain," Jaitley told reporters when asked about opposition's allegations that his remarks that the loan given to Dushyant Singh by Modi, the former IPL chief, was a commercial transaction, amounted to giving "clean chit" to the BJP MP.
Sharma insisted that the Finance Minister "should have been more careful, restrained and balanced" in his remarks as cases have been registered in the matter by the Enforcement Directorate, which is under his ministry and his comment would adversely affect the probe.
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Besides, the senior Congress spokesman alleged that Jaitley has also given "clean chit" to External Affairs Minister Sushma Swaraj despite her "act of gross impropriety".
Azad wondered as to what made the Finance Minister give a "clean chit" to Raje's son and Modi, when these "shady transactions" of converting "ill-gotten black money" were being probed.
Swaraj and Raje have been facing flak for "helping" Modi in procuring travel documents in the UK, a country which he has made his home to avoid legal processes in India.