Here is the classic case of distress disposal of higher denomination notes after their demonetisation. And the possessors of such notes have more trust on jewellers, tax practitioners, bankers, chartered accountant and financial experts.
As part of the first step, they have knocked the doors of the jewellers and the latter while helping them are also making a quick buck. This is happening rampantly in a small town like Sambalpur and Government machinery seem to be less vigilant on this.
Or they are having their own share in the corruption cake, suspected the people since it is the age old practice of the government officials to make money in times of distress of others and show undue favour for personal gain.
As per information, gold jewellery in some reputed shops has been sold at the rate of Rs 60,000 per 10 grams and those who had stashed higher denomination notes secretly and disproportionate to their income rather take pleasure out of it that their money is at least utilised. The practice is quite rampant in few jewellery shops only.
Further, there is rush in the offices of the financial experts as to how to utilise the money they have hoarded. Not only that they are shown the way, the experts also make best utilisation of their negative brains disregarding the interest of the nation.
Even some banks are also showing undue favour to their known customers. Some of the businessmen are depositing their money in the name of each member of their family just depositing I-cards and banks encourage the practice as they know how to evade the eyes of law.
“Hence, due to the illegal nexus of a group, the very aim of the Modi Government is going to be partially defeated,” feel those who don’t have such money and simply are eyewitness to all these illegal activities by none other than the educated and well to do persons of the country in a small town here.