You are here: Home » News-IANS » Politics
Business Standard

People will loot banks if situation does not improve: NCP MP

IANS  |  Sangli (Maharashtra) 

Strongly criticising Prime Minister Modi over demonetisation, MP Udayanraje Bhosale on Saturday warned that "people will loot and destroy banks" if the situation did not improve soon.

Bhosale, a descendent of Maratha warrior king Chhatrapati Shivaji and a Nationalist Congress Party MP from Satara, said: "You are asking people to wait for 50 days! What 50 days? Why should they wait to withdraw their own hard earned money for so long? If matters worsen, there will be jungle raj. People will not hesitate to plunder banks."

On November 8, Modi announced that Rs 500 and Rs 1,000 notes will not be legal tender from that midnight onwards.

The leader said many Bharatiya Janata Party MPs and MLAs were his close friends and claimed that even "they have not accepted of Rs 500 and Rs 1,000 notes".

"However, they are not speaking out because they are all scared of Modi, who has all intelligence and investigating agencies under his control. Is he not aware of who has black money or not? For a handful of people with illegal wealth, why target the ordinary citizens?" Bhosale fumed.

He was speaking at a function to pay homage to late Deputy Prime Minister Y.B. Chavan here in the presence of several political bigwigs.

The leader warned that if the situation went out of control, neither the state nor the Centre would be able to control public wrath and that internal security could be threatened.

Bhosale said the Intelligence Bureau, Research and Analysis Wing, Enforcement Directorate and the Reserve Bank of India have all the details of people with black money.

"The government should have taken the details from them and caught those who have black money. But no action was taken against them while the common citizens have been put to hardships," he said.

--IANS

qn/tsb/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

People will loot banks if situation does not improve: NCP MP

Strongly criticising Prime Minister Narendra Modi over demonetisation, NCP MP Udayanraje Bhosale on Saturday warned that "people will loot and destroy banks" if the situation did not improve soon.

Strongly criticising Prime Minister Modi over demonetisation, MP Udayanraje Bhosale on Saturday warned that "people will loot and destroy banks" if the situation did not improve soon.

Bhosale, a descendent of Maratha warrior king Chhatrapati Shivaji and a Nationalist Congress Party MP from Satara, said: "You are asking people to wait for 50 days! What 50 days? Why should they wait to withdraw their own hard earned money for so long? If matters worsen, there will be jungle raj. People will not hesitate to plunder banks."

On November 8, Modi announced that Rs 500 and Rs 1,000 notes will not be legal tender from that midnight onwards.

The leader said many Bharatiya Janata Party MPs and MLAs were his close friends and claimed that even "they have not accepted of Rs 500 and Rs 1,000 notes".

"However, they are not speaking out because they are all scared of Modi, who has all intelligence and investigating agencies under his control. Is he not aware of who has black money or not? For a handful of people with illegal wealth, why target the ordinary citizens?" Bhosale fumed.

He was speaking at a function to pay homage to late Deputy Prime Minister Y.B. Chavan here in the presence of several political bigwigs.

The leader warned that if the situation went out of control, neither the state nor the Centre would be able to control public wrath and that internal security could be threatened.

Bhosale said the Intelligence Bureau, Research and Analysis Wing, Enforcement Directorate and the Reserve Bank of India have all the details of people with black money.

"The government should have taken the details from them and caught those who have black money. But no action was taken against them while the common citizens have been put to hardships," he said.

--IANS

qn/tsb/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

People will loot banks if situation does not improve: NCP MP

Strongly criticising Prime Minister Modi over demonetisation, MP Udayanraje Bhosale on Saturday warned that "people will loot and destroy banks" if the situation did not improve soon.

Bhosale, a descendent of Maratha warrior king Chhatrapati Shivaji and a Nationalist Congress Party MP from Satara, said: "You are asking people to wait for 50 days! What 50 days? Why should they wait to withdraw their own hard earned money for so long? If matters worsen, there will be jungle raj. People will not hesitate to plunder banks."

On November 8, Modi announced that Rs 500 and Rs 1,000 notes will not be legal tender from that midnight onwards.

The leader said many Bharatiya Janata Party MPs and MLAs were his close friends and claimed that even "they have not accepted of Rs 500 and Rs 1,000 notes".

"However, they are not speaking out because they are all scared of Modi, who has all intelligence and investigating agencies under his control. Is he not aware of who has black money or not? For a handful of people with illegal wealth, why target the ordinary citizens?" Bhosale fumed.

He was speaking at a function to pay homage to late Deputy Prime Minister Y.B. Chavan here in the presence of several political bigwigs.

The leader warned that if the situation went out of control, neither the state nor the Centre would be able to control public wrath and that internal security could be threatened.

Bhosale said the Intelligence Bureau, Research and Analysis Wing, Enforcement Directorate and the Reserve Bank of India have all the details of people with black money.

"The government should have taken the details from them and caught those who have black money. But no action was taken against them while the common citizens have been put to hardships," he said.

--IANS

qn/tsb/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard