Dismissing demands for his resignation, the Minister of State for External Affairs Mr. Shashi Tharoor today rejected Opposition allegations of any misuse of authority to influence IPL Kochi franchise's successful bid or get any financial gains for him or his any of his close friends.<br/><br/>In a statement in the Lok Sabha, he described the notion that somebody is some sort of proxy for him is insulting for him and to the professionalism and business ethics of the investors and their associates. He asserted that it has been clear for some time that the real motive behind the public controversy that has been created around him was to make the Kochi team unviable and to assign his IPL franchise elsewhere than Kerala. He asserted that he has neither invested nor received any financial benefit from IPL Kochi team. <br/><br/>Mr. Tharoor maintained that his role in mentoring the Kochi Franchisee is within the bounds of appropriate conduct for a member of parliament from Thiruvananthapuram and a member of the Union council of minister. <br/><br/>AIR parliamentary correspondent reports that the Tharoor issue rocked both the houses of parliament finally leading to their adjournment for the day.<br/><br/>After the Dantewara massacre issue, opposition took up the Tharoor controversy to put pressure on the government. <br/><br/>As the Lok Sabha and the Rajya Sabha met for the day, the opposition members sought the suspension of question hour to take up the issue for discussion leading to their first adjournment till 12 noon. <br/><br/>After that Parliamentary affairs minister Pawan Kumar Bansal assured the house Tharoor will make a statement on the issue, the opposition refused to relent and continued to raise slogans seeking his removal from the council of ministers.<br/><br/>This led to the adjournment of the Lok Sabha till 2 pm and the Rajya Sabha for the day. As the Lok Sabha mat at 2 PM, there was no change in the situation and the house was adjourned for the day. <br/><br/>With the main opposition BJP announcing that it will not allow the two houses to function till the removal of the minister, it remains to be seen what strategy government adopts to ensure smooth functioning of Parliament.