PM Modi Choreographed DeMonetization, Leaving Out Window For Black Money Hoarders: Congress

| June 22 , 2018 , 15:27 IST

Congress on Friday accused Prime Minister Narendra Modi and his government of choreographing the Demonetization move to provide a window of shelter to the black money hoarders.

Congress Spokesperson Randeep Singh Surjewala held a press conference on Friday and said that old notes worth Rs. 3,118.51 Crore deposited in 5 days of Demonetization in BJP controlled 11 District Co-op Banks in Gujarat.

Randeep Singh Surjewala said, ”An RTI reply dated May 7, 2018 has shockingly revealed that Ahmedabad District Cooperative Bank (ADCB), whose directors include BJP’s President, Amit Shah (who is also its past chairman) and his close associates received, the highest amount of old demonetized notes i.e. a whopping Rs. 745.58 Crore in just 5 days between 10.11.2016 to 14.11.2016.

Ahmedabad District Cooperative Bank is the only district Co-operative Bank out of 370 district co-operative banks across the country to receive such a large sum of demonetized notes in 5 days. Its Chairman, Ajay Patel, is a prominent BJP leader and also a close associate of Shri Amit Shah.”

Congress President Rahul Gandhi while addressing the issue, tweeted, “Congratulations Amit Shah, Director, Ahmedabad District Cooperative Bank, on your bank winning 1st prize in the conversion of old notes to new race. Rs. 750 crore in 5 days. Millions of Indians whose lives were destroyed by Demonetisation, salute your achievement.”

Surjewala further told the media, “Amit Shah’s close associate, Yashpal Chudasama, whose name appears in the infamous ‘Jay Shah-Zyada’ Case is also a director of the ADCB. It is important to underline the fact that all the district cooperative banks were banned from accepting deposits of the banned currency notes from the public after November 14, 2016, five days after demonetization on the pretext that ‘Black Money’ would be laundered through this route. But in the case of ADCB of which BJP President is a director, it was already transferred."

"Right behind the ADCB, on the number #2 position is the Rajkot District Cooperative Bank, which received old notes worth a whopping ₹693.19 Cr. Its chairman Shri Jayeshbhai Vitthalbhai Radadiya is a Cabinet Minister in BJP’s Gujarat Govt. Another director is Shri Vitthalbhai Radadiya, father of Jayeshbhai. He is prominent BJP leader and an Ex-Member of Parliament from Porbandar,” Surjewala added while addressing the press meet.