Tuesday, November 29th, 2016

PM Modi asks BJP MPs, MLAs to submit bank account details to Amit Shah by January 1

Yuvraj Sakhare | November 29, 2016 12:39 pm Print
Prime Minister Narendra Modi has asked the Bharatiya Janata Party (BJP) MPs and MLAs to submit details of their bank account transactions between November 8 and December 31 to party president Amit Shah by January 1.
Prime Minister Narendra Modi

Prime Minister Narendra Modi has asked the Bharatiya Janata Party (BJP) MPs and MLAs to submit details of their bank account transactions between November 8 and December 31 to party president Amit Shah by January 1.

PM Modi’s move has come in the backdrop of accusation by the opposition parties that many BJP leaders were aware of the demonetisation decision taken by the PM on November 8. Delhi chief minister Arvind Kejriwal had alleged that despite the supposed secrecy surrounding the move, many BJP lawmakers was aware of it and had invested crores of rupees in land and property in many states.

Reports of BJP leaders depositing crores of money in Rs 500 and Rs 1000 notes in West Bengal banks just hours before the demonetisation move was announced have raised questions.

Recently it was also reported that the BJP had bought land worth crores just a week before November 8, which had furthered the doubts about the whole demonetisation scheme.

AAP spokesperson Raghav Chadha had alleged that in the name of demonetisation, BJP has carried out a Rs 8 lakh crore scam and used it to convert its own black money to white.

It is worth to mention here that PM Modi’s instruction to submit account details has come as the government has proposed new tax rules for those who surrender black or untaxed money by the end of the year.  Under the new rule 50% of the amount that is disclosed will be penalized and taxed, 25% will be placed in a for four years with no interest paid to the owner in a special fund for welfare and development schemes, and the remaining 25% will be made available to the owner for immediate use.

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