Demonetisation devised to enable people with black money to convert into white: P Chidambaram

Updated:3 months, 1 week ago IST

New Delhi, Aug 31 (ANI): Congress leader P. Chidambaram on Friday said that the Centre devised demonetisation to enable people with black money to convert into white. The Congress leader said, "If all the currency notes have been exchanged then obviously a significant portion of black money stock in the country has been exchanged. Government had claimed that 3-4 lakh crore will not return to the RBI and that will be the black money stock." He added, "If all has come back to RBI then the logical conclusion is 3-4 lakh crore of black money has been converted to white. So there is a suspicion in fact it's a charge that you devised this demonetisation only to enable people with black money to convert into white."

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