Shiromani Akali Dal president and Deputy Chief Minister Sukhbir Singh Badal on Tuesday demanded a Joint Parliamentary Committee probe into the alleged scam in the Congress-led UPA's loan waiver scheme for farmers.
The CAG had found irregularities in the scheme, where farmers' loans worth Rs 60,000 crore were waived.
Badal said the loan waiver scheme is the biggest misnomer of century and was designed to fool the country's peasantry besides looting the exchequer.
Responding to media queries while campaigning for SAD-BJP candidate Joginder Pal Jain in Drauli Bhai village, Badal said the loan waiver scheme was a twin purpose political gesture of the Congress on the eve of the 2009 LS polls.
The Congress not only made money out of this scheme but also came back to power by deceiving farmers, he claimed.
Describing the Congress as the "fountainhead of black money and corruption" in the country, Badal said this was a mega scam related to farmers, the backbone of Indian economy.
He alleged that the Congress has stashed away ill-gotten money worth lakhs of crores from a series of scams in tax havens abroad and using it to fund election campaigns.
"This is why, the Congress has dragged its feet on the issue of revealing the names of those who have accounts in Swiss banks," he said.