Kejriwal said Jaitley's assertion that AAP's allegations against him are "unsubstantiated and non-specific" could not be treated as "gospel truth" as the charges against him were "very, very serious".
"Can Jaitley ji's denial in press be taken as gospel truth? Very serious allegations against him. Why is he running away from investigations? If Jaitley ji were let off without investigations on basis of his press denial, then should all coal and 2G accused also be similarly let off?" Kejriwal asked in a series of tweets.
"Amounts involved are huge. He should either resign or be removed to enable independent probe," Kejriwal demanded.
Hitting back at Kejriwal over the Delhi and District Cricket Association row, Jaitley accused him of spreading "false propaganda", saying he seems to believe in "untruth and defamation and delivers a language that borders on hysteria".
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The Finance Minister said the Serious Fraud Investigation Office (SFIO), which was entrusted with the investigations in the case by the previous UPA government, has clearly stated that "no fraud (was) noticed as alleged" and his role as DDCA President was "like a non-executive chairman without involvement in day-to-day affairs of the company".
Earlier at a press conference, AAP alleged huge financial bunglings in DDCA during Jaitley's 13 year-old tenure as its chief, saying large amounts were siphoned off through fake companies besides other irregularies including in team selection.
(REOPENS DEL 63)
The AAP said Jaitley's defence was an attempt to "cover up" and that the Finance Minister did not reply to any of the specific allegations against him. "Reports by SFIO, DDCA fact -finding committee and two judges committee expose Jaitley."
"He should not mislead the nation by indulging in rhetoric," AAP leader Sanjay Singh told reporters.
Referring to the Delhi and District Association's reaction that AAP's allegations were "completely baseless and without any substance", Singh said that the cricket body did admit that there were "irregularities".