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Demonetisation is huge scam: Kejriwal

By Newsd
Updated on :

Delhi Chief Minister Arvind Kejriwal on Saturday alleged demonetistaion of ₹500 and ₹1,000 is huge scam and  it should be roll back immediately.

“Before the PM announced the move on Tuesday, the BJP and its friends had been alerted and they had already stashed their cash,” he said.

He further alleged that there had been significant misreporting on the money deposits made at banks.

“In previous quarters, deposits in banks were negative. But in the July-to-September quarter, such large amounts were being deposited in the banks. Who did all this money belong to?” he asked.

“The other thing is that despite all the chaos that is going on, no black money will come back in the system. Black money will only be redistributed, it will only change hands,” he said, adding that the move was encouraging touts and agents.

“Several people have died in the last few days, there is chaos everywhere. Modi ji’s surgical strike is not against black money, but against the common man who had saved up… we demand an immediate rollback,” he said.

Hailed as a landmark move to curb ‘black’ or unaccounted wealth, PM Modi on Tuesday night declared that 500 and 1,000 rupee notes illegal from midnight. New 500 and 2,000 notes would replace them, making the old ones “worthless pieces of paper”, he said.

Opposition parties, including the Congress, Trinamool Congress, Aam Aadmi Party and also BJP ally Shiv Sena however questioned the move, saying it would inconvenience people.