Between September 16 and September 30 before the demonetisation was announcement, a staggering ₹3.03 lakh crore of time deposits – fixed and recurring – were made at Indian banks, according to findings of All India Congress Committee (AICC) research department.
Claiming that this has never happened in any fortnight in 16 years, the study found that in the fortnight after September 30, ₹1.2 lakh crore of time deposits were liquidated. “The same month saw a 13 per cent year-on-year growth of total deposits in all scheduled commercial banks while the previous month only saw 7 per cent growth,” it stated.
The study makes following explosive revelations:
While Prime Minister Narendra Modi and Finance Minister Arun Jaitley repeatedly claimed that demonetisation was aimed at checking generation of black money and undisclosed income, the study also noted that suspicious deposits of the party members were not under scanner.
The study wondered as to why is the BJP not investigating and scrutinizing the occurrences instead of attacking the common citizens.
The study further lists following instances showing how the saffron party benefitted from demonetisation:
“When it comes to BJP associates, there seem to be no efforts to look into suspicious transactions,” the study comments.
Published: 08 Nov 2017, 5:55 PM IST
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Published: 08 Nov 2017, 5:55 PM IST