Curbs on cooperative banks after Rs 500 cr deposited in

Former Maharashtra Chief Minister Prithviraj Chavan today alleged the decision prohibiting cooperative banks from accepting scrapped notes was taken three days after Rs 500 crore was deposited in an Ahmedabad cooperative bank, in which BJP President Amit Shah is a director.
Chavan clarified that Shah had not deposited Rs 500 crore in the cooperative bank.
"Does the ban on cooperative banks from doing business, which has hurt the rural economy extremely badly in Karnataka, Maharashtra, Kerala and Gujarat, got anything to do with the (Ahmedabad District Cooperative) bank having Amit Shah as the director and the deposit of Rs 500 crore. We are going to ask them (BJP)," the senior congress leader told reporters here.

"Shah is a director in one of the Ahmedabad cooperative banks. I didn't say he deposited the money (himself). The money was deposited in that bank."
"Interestingly, three days after 500 crore was deposited in the bank, there was a ban imposed on cooperative banks from doing business," he claimed.
Chavan said the Congress has demanded a 'white paper' and also a Joint Parliamentary Committee probe into the deposits made in all the banks on or before November 8, and also deposits made immediately later.

He demanded that the Gujarat government release footage of the CDs of the CCTV cameras installed at the Ashram Road Branch, "the headquarter-branch of the Ahmedabad District Cooperative bank."

Prime Minister Narendra Modi in a surprise announcement on November 8 declared the old Rs 500 and 1,000 notes invalid.
Asked whether the Congress has sought an explanation from former Delhi Chief Minister Sheila Dikshit for calling Sahara-Birla diaries fictitious, a line of argument taken by BJP, Chavan said "Mrs Dikshit has clarified and told Congress party that everyone whose names are in the diaries should be investigated."
Chavan said Prime Minister Narendra Modi should inform the country over the status of the investigation conducted by tax authorities.
"Mrs Sheila Dikshit had said let the investigation go on. Has the Prime Minister stopped the investigation? Is the investigation on? Is there (any) interim report? He should take the country into confidence. The Prime Minister should say something," he said.

Congress Vice President Rahul Gandhi had recently alleged that Modi as Gujarat Chief Minister had taken money from Sahara and Birla groups and demanded an independent inquiry into it, a charge BJP has rejected.