The party's reaction came after Union Minister Ravi Shankar Prasad on Monday said Chidambaram favoured seven private companies, including Fire Star Diamond of Nirav Modi and Gitanjali Gems of Mehul Choksi, under the 80:20 gold scheme on the day of election results in 2014.
Reacting on this, Anand Sharma said, "Government is doing vendetta against Ex-Finance Minister. Governance of the country will collapse if integrity of senior officers of administration services, revenue services and Reserve Bank of India (RBI) isn't kept."
He said that the hallmark of this government is to put false allegations and escape accountability.
"The hallmark of this government is to put false allegations and escape accountability. It's under this government's regime that Independent India's biggest bank fraud has taken place. They should talk about the real issues instead of diverting people's attention," Sharma said.
Sharma said Law Minister Ravi Shankar Prasad did not back his allegations by facts.