Kejriwal sees a huge scam behind demonetisation

Delhi Chief Minister Arvind Kejriwal addresses a press conference in New Delhi on Saturday. Photo: R.V. Moorthy  

The Delhi Chief Minister hit out at the Central government alleging there was a huge scam behind the decision to scrap Rs. 500 and Rs. 1,000 currency notes.

“In the name of tackling corruption, a scam is being carried out on a large scale. Some evidence has to come to light and TV channels are showing it. I am not saying something new,” Mr. Kejriwal told reporters at a press briefing on Saturday. “On November 8, when Prime Minister Modi announced that Rs. 500 and Rs. 1,000 notes are not legal tender any more, they had already informed all their friends and Bharatiya Janata Party people, who actually have all the black money,” Mr. Kejriwal alleged.

He further alleged that holders of large amounts of black money had enough to time to take care of it, before the decision to scrap the notes was made officially.

‘Common man suffering’

“In the last three months, money has been deposited in all banks at a large scale, running into thousands of crores of rupees. This arouses suspicion,” he alleged, going on to ask, “When deposits in the quarters before that were in the negative, or there was no growth, how were such high deposits suddenly made between the July and September quarter? Whose money is this and how did such large-scale deposits happen?”

“It is the common man who is suffering due to this as those who have black money have already set things up. New notes are being home-delivered to them for a commission,” he alleged. “There are huge queues outside banks. Are there any big industrialists or black marketers in the queue? No. Shopkeepers, rickshaw pullers, autorickshaw drivers, farmers and labourers are in the queue. Do they have all the black money?” he asked.

Mr. Kejriwal said demonetisation has lead to a system of commissions and provided a fillip to black money instead. “Gold rate has gone up and black money has increased instead of decreasing,” he alleged.

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Printable version | Nov 25, 2021 4:42:07 PM |

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