The complaint against Shastri has been filed by former secretary of Delhi Legislative Assembly Siddharth Rao in which he made allegations of corruption and misuse of public funds and amenities to the tune of several crores of rupees by the speaker.
Shastri vehemently rejected all the allegations and claimed that Rao was trying to "blackmail" him.
"He (Rao) is trying to blackmail me. These allegations are motivated and totally baseless. I am ready for any kind of probe. I totally reject the charges," he said.
Justice Sarin, in an order on Monday, dismissed the complaint against the Speaker for "want of jurisdiction" but brought it to the notice of Lt Governor for "action as deemed fit" while terming the allegations as of "serious nature".
"It was a matter of great shock and embarrassment for entire parliamentary fraternity when Lokayukta of Delhi Justice Manmohan Sarin passed very serious remarks in a judgement against the Speaker in a case of financial fraud and misuse of government machinery causing loss of more than Rs. 5 crore," Malhotra said.