Banerjee also referred to the decision to remove him from the cabinet.
"The chief minister took the decision and the (Partha Chatterjee) minister was removed. The probe into the matter is underway. If anyone commits something wrong then TMC won't spare him," Banerjee said.
He said there should be a time-bound investigation.
Partha Chatterjee was arrested by the Enforcement Directorate (ED) in connection with the School Service Commission (SSC) scam in West Bengal on Saturday.
The ED unearthed many disproportionate assets of Partha Chatterjee since his arrest, of which were three flats in West Bengal's Diamond City.
The arrest of Partha Chatterjee followed Tk 210 million in cash and jewelry worth above Tk 10 million being recovered from the Kolkata residence of Arpita Mukherjee, a close aide of the former education minister.
The Enforcement Directorate on Friday (July 23) recovered over Tk 210 million in cash from the house of an associate of West Bengal minister Partha Chatterjee. The ED raided Arpita Mukerjee's house in connection with an alleged teacher recruitment scam in West Bengal. "The said amount is suspected to be proceeds of crime of the said SSC scam," the probe agency had said in a statement.
The searches by Enforcement Directorate on premises linked to Arpita Mukherjee are continuing and earlier on Thursday a team of officials reached the New Town residence of Arpita Mukherjee.
The officials reached her residence at the Royal Residency flat at Chinar Park in New Town in West Bengal's Kolkata along with the Central Force personnel.
The Enforcement Directorate (ED) had on Thursday morning left the Belgharia residence of Arpita Mukherjee after filling ten trunks with cash amounting to approximately Tk 270 million that was found there.
ED sleuths on Wednesday began its fresh searches on the premises linked to Arpita Mukherjee.
The flat of her mother at Belgharia Club town in North 24 Parganas and three other premises was covered in the action initiated on Wednesday. One of the two flats of Arpita Mukherjee, in Belghoria, has been sealed by ED.
Earlier, Tk 200 million was recovered from her residence in South Kolkata.
ED officials also conducted a raid at the residence of businessman Manoj Jain in Ballygunge. Jain is reportedly an aide of state minister Partha Chatterjee.