You are here: Home » Current Affairs » News » National
Business Standard

Currency exchange in Ahmedabad co-op bank won't be probed: Yashwant Sinha

The former Union finance minister said democracy was in danger and a 'joke of the Constitution was being made'

Press Trust of India  |  Varanasi 

yashwant sinha
BJP leader Yashwant Sinha. | Photo: PTI

Former BJP leader Sinha on Monday said the government would not order any probe into the reports of exchange of currency notes worth Rs 7.45 billion at the District Cooperative Bank, in which is a director, within five days of the announcement of demonetisation.

There is an "undeclared Emergency" in the country which is more dangerous than the one declared by the government in 1975, he said, addressing an (AAP) rally here over phone.

The former Union minister said democracy was in danger and a "joke of the Constitution was being made".

"All the government agencies and institutions are being misused and are working on their direction," Sinha, who quit the BJP in April, said.

"They would order probes in cases involving others, but they won't order any probe into the allegations levelled against those in high positions in the (Union) government," he said.

According to reports, currency notes worth Rs 7.45 billion were deposited in the District Cooperative within five days of announcing demonetisation on November 8, 2016.

The is serving as a in the bank, in which the currency was exchanged, Sinha said and asked "Who will order a probe into the alleged currency exchange in the

Sinha said, "Democracy was in danger and all the government institutions and agencies like the (ED), (CBI) and the Income Tax department were being misused and were working on their direction."

He pointed out that a retired had said not everything was well within the judiciary.

Sinha appealed to the people to hit the roads and raises their voices against this undeclared Emergency.

Due to health issues, Sinha could not attend the AAP's Jan Adhikar Rally organised at the Beniabagh ground and addressed the gathering through phone.

Sinha said as he could not attend the rally, was representing him.

In today's undeclared Emergency, there is an atmosphere of fear which has come unannounced. It did not happen suddenly, therefore we did not realise. It's like a slow poison which is being injected into the body politic and is more dangerous than the Emergency of Indira Gandhi, Sinha said.

First Published: Tue, June 26 2018. 06:59 IST