Samajwadi Party leader and Uttar Pradesh minister Azam Khan has been accused of misusing his powers to get his demonetised cash exchanged illegally in Rampur District Co-operative Bank. The allegation has been made by Faisal Khan Lala, vice-president of Uttar Pradesh Congress Committee Minority Cell, according to a report in Hindi daily Dainik Jagran.
According to the report, Uttar Pradesh Governor Ram Naik has taken note of the issue and informed Union Finance Minister Arun Jaitley for proper action in the matter. In his letter to the Governor, Faisal had alleged that Azam Khan’s currency notes were illegally exchanged by the co-operative bank. Faisal had complained about the matter to Union Finance Minister and RBI governor Urjit Patel on November 12. After that, the RBI Governor had stopped the exchange of currency notes in co-operatives.
Faisal claimed that Azam Khan then got a case registered against him through the chairman of the co-operative bank which is located on the campus of Jauhar University set up by the UP minister, the report said, adding Faisal has demanded a probe to find out if the bank was involved in converting Khan’s black money into white. Faisal also demanded a probe into people giving donations to the university.
Faisal alleged that Azam Khan has amassed illegal property worth billions of rupees. The Governor took this matter seriously and reported it to Jaitley for action, the report said.
Incidentally on November 13, Azam Khan had attacked Prime Minister Narendra Modi for demonetisation that rendered all old Rs 500 and Rs 1000 notes illegal. He had also threatened that people would take to the streets against the decision, just like those in the US protesting against the victory of President-elect Donald Trump. He had said that “badshah (PM Modi)” runs to Japan after spreading anarchy in the country and the courtier (ArunJaitley) gives senseless statements to spread fear in the country, according to another report in the Dainik Jagran.