New Delhi, July 6: The Enforcement Directorate has accused a former Congress MLA, Rajesh Jain of making illegal money transactions of nearly Rs 8 crore and using fake bank accounts at the time of demonetisation.
Stung by the NIA raids and demonetisation, the ISI has set up three factories in Pakistan occupied Kashmir to print fake currency.
The Central Bureau of Investigation said that post demonetisation, there have been 77 cases related to corruption that have been registered. The CBI said that during the various probes conducted it had been found that the Aadhaar numbers of children were being used to deposit old currency in banks.
The National Investigation Agency has seized a whopping Rs 36 crore in demonetised currency while probing the Kashmir terror funding case. The money was seized from various quarters.
I had to do it, because Indira Gandhi did not, Prime Minister Narendra Modi said while defending the decision on demonetisation. Burning my effigies will not deter me from carrying out a fight against corruption and black money, Modi also said at a rally in the poll bound Himachal Pradesh.
In what is undoubtedly a major breakthrough in its fight against black money and shell companies, vital information has been received by Government of India from 13 banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year. It may be recalled that after being struck off, operation of the bank accounts of these 2,09,032 suspicious companies were restricted for discharge of their liabilities only.
The economy is on a downhill path, thanks to an adventure called demonetisation, said former Prime Minister of India, Dr Manmohan Singh. It was not required at all, either technically or economically, he added.
Former Prime Minister, Dr Manmohan Singh said that hasty implementation of GST and demonetisation had adversely impacted GDP growth.
The years 2016 and 2017 saw huge amounts of cash coming into Jammu and Kashmir through illegal channels. While the transfer of funds had slowed down after the decision on demonetisation was made, a large chunk of the cash that came in before that accounted for nearly Rs 800 crore.
This money was sent to fuel the unrest and was part of the ISI’s “burn Kashmir,” budget. While it must be noted that the fund flow slowed down after November, terrorists however took to bank robberies to overcome that deficit.
In the past 48 hours there have been three incidents of banks being looted in the Kashmir valley. Rs 3 lakh was looted at a bank in Kakapora, South Kashmir. This was the second incident in two hours after masked men looted Rs 5 lakh from a bank in the Wahibugh district.