"If a fair probe is held, the truth will come out and I will stand vindicated. Therefore, I offer myself to an open and time bound probe to look into these allegations," Mir said said in a statement here.
According to the media report Mir allegedly received funds from Army's secret intelligence unit in 2010 to destabilise the state government.
"More than anyone else, I myself want that everybody should know that Ghulam Hassan Mir is absolutely relying on power and support of his own people and wholeheartedly working for them," he said.
"I want to reassure the people of J&K that I am only and only guided by their interests of safety, security and welfare," he added.
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He said that concerted efforts are being made to dent his political integrity and popularity.
"The allegations levelled recently are politically motivated and are absolutely false. I had been keeping quiet over the controversies raked in the past few days, but now I want to speak out as these controversies have not only sought to besmirch my personal reputation but also humiliated people with whose support I am where I am," Mir said.
A report in a national English daily claimed that Mir was paid Rs 1.19 crore by Technical Services Division - a secret intelligence unit of the Army - in 2010 to destabilise the Omar Abdullah-led government in the state.
Later, Army chief Gen Singh in an interview to a private TV news channel claimed that many ministers in the state were being paid since Independence for winning the hearts of the people in the state.