1. Arvind Kejriwal kicks off storm, says demonetisation a huge scam

Arvind Kejriwal kicks off storm, says demonetisation a huge scam

In a press conference he alleges that the entire move was a scam by BJP led NDA Government and that some players already had prior knowledge about the move.

By: | New Delhi | Updated: November 12, 2016 11:27 AM
Arvind Kejriwal says in the name of battling corruption, only thing that would occur is a lot of money going to change hands. (ANI) Arvind Kejriwal says in the name of battling corruption, only thing that would occur is a lot of money going to change hands. (ANI)

Delhi Chief Minister and Aam Aadmi Party chief Arvind Kejriwal kicked off a storm on Saturday over demonetisation of notes of Rs 500 and Rs 1,000. In a press conference, he alleged that the entire move was a scam by BJP led NDA Government and that some players already had prior knowledge about the move.

Pointing fingers at Prime Minister Narendra Modi, he alleged that all his friends who had black money were informed beforehand after which they shifted their money. The Delhi chief minister further said that there had been misreporting on money deposits made in banks. He further said that in previous quarters deposits in banks were negative, but July to September, large amount were deposited in banks and asked to whom does the money belong to.

Arvind Kejriwal also said that in the name of battling corruption, only thing that would occur is a lot of money is going to change hands. The government has said those people who deposit their black money will have to pay tax and pay a penalty of 200 percent. Which holder of black money is going to make such a deposit?, he asked.

Continuing his attack on the intention of the government, the AAP chief claimed the Centre had come out with the move knowing fully well that the ATMs are not configured to dispense the new Rs 2000 notes at present.

Rejecting his allegations, MoS Finance Santosh Kumar Gangwar said that Arvind Kejriwal is only  trying to degrade the initiative taken by the government and asked him to show the proof of his claim.

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