"Charges levelled against me should be throughly investigated and if they are found true, I am ready to face any action. I will even quit active politics," Rai told reporters here, and threatened to move the Election Commission against the BJP.
"However, if the charges are found false then those who have levelled these allegations must retire from active politics," he added.
He said that these charges were first levelled against him when he was a minister in BJP government in Uttar Pradesh and Atal Bihari Vajpaye was the prime minister.
"Why BJP did not initiate a probe against me when they were in power," he asked.
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Rai said he will take this matter to the Election Commission and will lodge a complaint.
"BJP is scared by me because of the local public support that I had got here... So to malign my image, they conspired to level this charge," Rai said.