December 27, 2024 04:52 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
I have lost a mentor and guide: Rahul Gandhi writes on Manmohan Singh's demise | Manmohan Singh left strong imprint on our economic policy over years: PM Modi | A rare leader who spoke softly but achieved monumental strides: Gautam Adani mourns Manmohan Singh's death | Instagram influencer and freelance RJ Simran Singh dies by suicide in Gurugram | Anna University sexual assault case: Accused is a DMK worker, claims BJP's Annamalai | Celebrities too responsible for crowd control: Telangana CM Revanth Reddy to Telugu filmdom amid Pushpa 2 stampede row | Boat capsizes off Calangute Beach in Goa; 1 killed, 20 rescued | Canada announces change to immigration system, likely to impact Indians seeking permanent residence | Azerbaijan Airlines tragedy: 32 passengers rescued, flight attempted several emergency landing before crashing | Man sets himself on fire near Parliament building; locals, police rush him to hospital

Demonetisation biggest scam of India, says Congress

| | Dec 04, 2016, at 10:58 pm
Patna, December 4 (TheBiharPost/IBNS): The Congress party headed by Sonia Gandhi has alleged the demonetisation drive by Prime Minister Narendra Modi -led government has brought India’s ‘wheel of development’ come to a standstill.

“The wheel of development has come to a standstill as millions of people are lining up in front of banks and ATMs by giving up their day-to-day livelihood,” alleged the Congress in a Press statement issued on Sunday.

Describing it as the biggest scam of India, the party also demanded an investigation through ‘Joint Parliamentary Committee’ (JPC) in view of layers of conspiracy being unveiled on a daily basis reflecting a scam of huge proportions.

The Congress also alleged the party leaders had prior information of the demonetization drive being launched and hence they deposited huge amount of money in their bank accounts or purchased lands just before it was implemented.

“On the day of the announcement of the decision on demonetisation i.e. 8th November, a sum of Rs1 crore (Rs 10 million) was deposited in a Kolkatta Bank in BJP's Account No. 554510034 on 8th November, 2016 in the denomination of Rs500/Rs1000,” the party alleged.

Likewise the BJP, the Congress party alleged, purchased lands in various districts of Bihar and Odisha in the run up to the decision on demonetization.

The Congress also alleged the Jan Dhan accounts have been blatantly misused to convert black money as is clear from facts available in public domain, which reflect that a sum of Rs75,000 crore have been deposited in these accounts in 20 days since demonetisation.

“Admittedly, 76% of total Jan Dhan accounts i.e. 25.51 crore as on 9th November, 2016, had zero balance or a balance of less than Rs5. Overnight deposit of Rs75,000 crore reflects a clear-cut misuse to convert black money. On top of it, in the first 17 days of demonetization, 17 lakh new accounts in the Jan Dhan category have been added,” it charged.

The Congress further alleged an unwitting decision of ‘demonetisation’ has pushed 125 crore people of India into a web of humungous problems and difficulties.

“What is tragic is that these never-ending lines are for withdrawing one’s own hard-earned money. An autocratic Prime Minister, bloating over the arrogance of numbers, has plunged the country into a state of ‘economic anarchy’, wiping out people's earnings and creating a colossal sense of fear and insecurity,” it alleged.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.