Modi's business brand is 'crony capitalism', says Chidambaram

New Delhi, March 31: Finance Minister P Chidambaram on Monday criticised BJP prime ministerial candidate Narendra Modi saying that his brand of liberalism is "crony capitalism" and aims to appease only a section of businesses.

Addressing a press conference at the Congress party head office, Chidambaram claimed that businesses at large are comfortable with the Manmohan Singh-led United Progressive Alliance (UPA) government and Modi could appease only a section of them.

"Businesses are comfortable with Manmohan Singh and his finance minister... there is a section of businesses that is comfortable with BJP and Mr. Narendra Modi," he said.

"His (Modi) brand of liberalism is crony capitalism," Chidambaram said.


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