Delhi Chief Minister Arvind Kejriwal on Saturday alleged the Narendra Modi Government’s announcement to demonetise Rs 500 and Rs 1,000 notes was not aimed to curb black money but to “create black money”. He also dubbed the Centre’s move as the “biggest scam, worth Rs 8 lakh crore”.
“Modiji is not serious about curbing black money. His intention is not good. This decision is to create black money,” Kejriwal said in a live video chat on his Facebook page.
The AAP national convenor also alleged that the State Bank of India has waived off Rs 6,000 core loans sanctioned to 63 capitalists within the last three days after the demonetisation. “Vijay Mallya was one of these capitalists whose loan worth Rs 1,200 crore was waived off by the SBI,” he alleged.
Kejriwal said that Rs 8 lakh crore loan was sanctioned to big corporate houses run by these capitalists. He alleged that the corporate houses siphoned off the money or it was partly written off by banks.
“This demonetisation is a conspiracy. The Government expects to net Rs 10-11 lakh crore by asking people to surrender the spiked currency and write off the bad debts,” he said.
“They did not even wait for this scheme to be fully implemented. Only three days ago, the SBI wrote off loans given to 63 industrialists worth Rs 7,000 crore. Vijay Mallya was the biggest beneficiary, whose Rs 1,200 crore loans were written off. Vijay Mallya is a Rajya Sabha member elected with the support of the BJP,” alleged Kejriwal, accusing Modi of facilitated Mallay’s escape from the country.