Demonetisation scam

People world over saw two big news items, Trump becoming President of US and NaMo’s Demonetisations. Initially politically neutral people like me also strongly supported Demonetisation as a historic step promising at cleansing the black money, stopping terrorists funding and cash less economy. We believed PM’s 50 days facing of difficulties as his sincerity. But

People world over saw two big news items, Trump becoming President of US and NaMo’s Demonetisations.

Initially politically neutral people like me also strongly supported Demonetisation as a historic step promising at cleansing the black money, stopping terrorists funding and cash less economy. We believed PM’s 50 days facing of difficulties as his sincerity.

But as Trump ended up adding turmoil to the world scenario, similarly Demonetisation turned up to be a biggest fraud on the Indians and Indian economy. It appears to be a biggest ever embezzlement, bigger than combined loot of 2G, CWG, CoalG and JijaG by Congress.

Every wrong person benefitted from Demonetisation loot, see how:

The whole of Black Money in currency got converted into white by channelising through banking channels, gold purchases, CO operative banks, Dubai and Bitcoin routes, without any payments Taxes.

Bankers, RBI officers, hawala operators, Jan Dhan bank account holders, government officers, finance consultants, politicians, farmers, NGO’s all got benefitted in this biggest ever conversion of black into white, without paying any taxes.

Lot of Counterfeit currency appears to have got converted to real new currency and reached RBI, in the absence of any fool proof mechanism to detect such notes once these crossed bank branch limits.

The ruling political party and RBI top bosses appear to have got the lion’s share of the loot, may be even few Lac Crores by way of currency counting scam.

Nobody on the earth will ever know, how much actual currency ultimately reached RBI. The Apex bank officials kept receiving currency through back channels in bulk even after 31st December, which is evident from arrest of people purchasing Crores of banned notes at 60 to 70% conversion charges.

No data was actually ever made public, who were the people, who physically counted and verified the whole currency weighing in hundreds of tonnes. How many currency counting machines were used and where these are now? Where are the counting sheets? What’s the assurance that figures were not moderated later on like exam results. If EVM’s can malfunction, counting of ballots be erroneous, how correctness of tonnes of currency counting was ensured?

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