Demonetisation largest money-laundering scheme ever: Arun Shourie

News Network
October 4, 2017

Former union minister, economist and senior Bharatiya Janata Party (BJP) leader Arun Shourie has stepped up his attack the Narendra Modi government and its policies, terming the demonetisation exercise as a money laundering scheme.

In an interview with NDTV last night he said: "Demonetisation was a money laundering scheme. Because everybody who had black money, converted into white through banks."

Shourie further said that it was conceived by the government, entirely implemented by the government and entirely acclaimed by the government.

The former minister also suggested that none of the stated objectives was really achieved after demonetisation. He said: "Which argument today survives? Black money? All of it turned white. Terrorism? Terrorists are still coming into India. At the end they have nothing to say."

Prime Minister Narednra Modi onNovember 8, the day he announced the demonetisation, had said that the move would destroy black money and would make terrorists bankrupt. Shourie supported Yashwant Sinha and P Chidambaram's latest comments on economic slowdown. He said these economists have been 'talking about facts' that are based on the reports from The Economic Survey and the RBI.

Several economists have expressed their concern over the latest economic slowdown. India's GDP growth for the period of April-June came down to a three-year low of 5.7 per cent . The growth rate declined further from the 6.1 per cent in the preceding quarter. The Economic Survey had projected a growth of 6.75 per cent to 7.5 per cent for 2017-18.

"Is it a fact or not that GDP has collapsed to 3.7 per cent according to the old series? Is it a fact or not that index of industrial production has gone down from about 9 per cent in 2015-16 to about 1.7 per cent in April to July? Is it not a matter of concerned," Shourie asked.

Earlier in September, former Finance Minister Yashwant Sinha wrote a hard-hitting article , accusing Finance Minister Arun Jaitley of destroying the economy. He had also termed the demonetisation as an unmitigated economic disaster that has played havoc with businesses.

Sinha had underlined, in the article, the recent economic crisis and said: "Private investment has shrunk as never before in two decades, industrial production has all but collapsed, agriculture is in distress, construction industry, a big employer of the work force, is in the doldrums, the rest of the service sector is also in the slow lane, exports have dwindled, sector after sector of the economy is in distress."

This is not the first time when Shourie has criticized the government and its policies. In January this year, Arun Shourie said that the demonetisation  was the 'greatest economic blunder in 70 years '. While seaking at the National Institute of Advanced Studies in Bengaluru, the former minister in Vajpayee's government said, "Demonetisation is the symptom of a pattern of government where there is no consultation. It may happen again and again."

Nine months later, Shourie again lambasted the top leadership and said those running the government do not seek any advice or hear the facts. He said: "This is a government of two-and-a-half persons, that is, Narendra Modi, Amit Shah and one in-house lawyer. They don't have the expertise and they have surrounded themselves by persons who don't have the expertise."

Comments

Rajkumar
 - 
Wednesday, 4 Oct 2017

Manmohan singh was far far better than jaitley and Feku

Unknown
 - 
Wednesday, 4 Oct 2017

Retired so called intellectuals should not mislead the country. I do not get a single point of argument for the statements made. Let us see logic and statistics. Just because the media wants rubbish and you have an opportunity, plz do not does below. Plz put forth logic so that we citizens can understand something better. Our understanding  of things as of today doesn't tally with the outburst.

Naveen
 - 
Wednesday, 4 Oct 2017

Well said. "Idiotic jolt"

Danish
 - 
Wednesday, 4 Oct 2017

If anybody say against truth modi, Cheddis will say u to go to Pakistan 

Ganesh
 - 
Wednesday, 4 Oct 2017

Not only demonetisation, there are many examples of failed attempts. Gst also in that list. Now we people paying 3taxes. Do you think its easy to pay as being a middle class man

Kumar
 - 
Wednesday, 4 Oct 2017

Sanghis sold thier brain. Even after many destructive decisions they will tell Modi is best and he is doing for our good

Sandesh
 - 
Wednesday, 4 Oct 2017

Feku wont listen. He is in his dreamy world 

Rohit shetty
 - 
Wednesday, 4 Oct 2017

"The king is naked"
Should not tell truth, or else you will get punishment

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coastaldigest.com news network
June 13,2020

Mangaluru, June 13:  The Central Crime Branch of Bengaluru City Police, which is digging up old cases involving underworld gangster Ravi Pujari, has now launched a fresh probe into the murder of human rights lawyer Naushad Kashimji.

Kashimji was gunned down on April 9, 2009 at the basement of his apartment in Falnir in Mangaluru. Ravi Pujari had allegedly ordered the hit. 

As part of investigation, a team from Benglauru CCB has come to Mangaluru. CCB sleuths, who obtained Pujari’s police custody in connection with this case, are tying up the loose ends pertaining to the murder of Kashimji who was representing D-Company hitman Abdul Rashid Hassan Malbari aka Malbari. 

Pujari was said to be unhappy over Kashimji representing Malbari. Pujari had also allegedly issued life threats, directing him to desist from doing so.

Kashimji had reportedly received more than 10 international threat calls from March 30 to April 9 (the day he was murdered). According to a senior police officer, the advocate had not informed the police or his then senior Purushottam Poojary about receiving the threat calls. “This came to light when police went through his call records later,” the officer explained.

“CCB team is primarily focusing on Pujari’s role in the advocate’s sensational murder,” a senior CCB officer handling the investigating said. 

“We have also lined up other cases in which Pujari is allegedly involved, but had filed the chargesheet against him in absentia as he was then a fugitive,” the officer added. The team is now picking up threads of Pujari’s involvement cases in Dakshina Kannada, Udupi and Chikkamagaluru districts.

Pujari, currently in police custody in Bengaluru, is accused in more than 30 cases reported in Mangaluru from 2007 to 2018. Majority of the cases against Pujari pertain to extortion and extending death threats, one relating to murder, three to shootings/ abduction and one where he supplied money to his henchmen in prison. Police have filed ‘C’ report in 17 out of 28 threat call cases and ‘B’ report in one case. Rest are in different stages of trial.

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News Network
February 14,2020

Bengaluru, Feb 14: BJP leader and Karnataka Revenue Minister R Ashok refused to comment on the Bellary car accident case, allegedly involving his son, saying that the matter was still under investigation and that they did not have anything to do with the said car.

The car crash took place on February 10, when a speeding red Mercedes Benz allegedly driven by Ashok's son rammed into a tea stall by the roadside killing two people. While a 16-year-old boy Ravi died on the spot, one of the car's passengers was also killed in the accident.

"I came to know about the incident and also heard that two people have died and a few others have sustained injuries. Everybody is equal under the law. It is not fair to comment as a minister when the case is being investigated," Ashok told reporters here on Thursday.

However, the minister avoided answering questions about his son's presence in the car and said that they had "no connection" with the car.

"The case is in the investigation stage, I don't want to comment on anything. My son's name is not present in the FIR. We have no connection with the car," he said.

Superintendent of Police CK Baba told reporters that Ashok's son was not present in the car.

"There was no senior BJP leader and Revenue Ministers's son in the car. We will not hide anything and the case will be investigated," Baba said.

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News Network
June 17,2020

Bengaluru, Jun 17: The Opposition leader in the Karnataka Assembly Siddaramaiah on Wednesday strongly urged Chief Minister B S Yediyurappa to desist from invoking amendment to the Land Reforms Act, saying it would make buying land easier for the corporate companies and the rich.

In a hard-hitting letter to the Chief Minister, a copy of which was released to the media, the Congress leader had urged to rescind the decision from amending to the Karnataka Land Reforms Act and also Agriculture Produces Marketing Committee Act.

Asserting that the state government's move was only intending to help to the land grabbers, Siddaramaiah, also the former chief minister, said easing of restrictions to buy land to the tune of over 216 acres per individual would sound a death knell to the farm sector.

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