Demonetisation decision was to create black money: Kejriwal

Continuing his attack on demonetisation, Delhi Chief Minister Arvind Kejriwal on Saturday alleged the Narendra Modi government's announcement to demonetise 500 and 1,000 rupee notes was not aimed at curbing black money but done to "create black money".

The Aam Aadmi Party (AAP) leader dubbed the central government's November 8 demonetisation move as the "biggest scam, worth Rs 8 lakh crore".

"Modiji is not serious about curbing black money. His intention is not good. This decision is to create black money," Kejriwal said in a live video chat on his Facebook page.

The AAP national convenor also alleged that the State Bank of India has waived off Rs 6,000 core loans sanctioned to 63 capitalists within the last three days after the demonetisation announcement.

"Vijay Mallya was one of these capitalists whose loan worth Rs 1,200 crore was waived off by the State Bank of India," Kejriwal alleged.

Kejriwal said that Rs 8 lakh crore loan was sanctioned to big corporate houses run by these capitalists. He alleged that the corporate houses siphoned off the money or it was partly written off by banks.

"This demonetisation is a conspiracy. The government expects to net 10-11 lakh crore rupees by asking people to surrender the spiked currency and write off the bad debts," Kejriwal said.

--IANS

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