11 banks linked to BJP accepted Rs 3,118 Cr of banned notes: Congress

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Within 5 days of demonetisation, banned notes of Rs. 3118.51 Cr were deposited in 11 District Co-operative Banks linked to the Bharatiya Janata Party (BJP) said the Congress Media Incharge, Randeep Surjewala on Friday.

Addressing a press conference he told the reporters, “PM choreographed the Demonetisation, leaving out window for black money hoarders to benefit. Nineteen months post Modi Made Disaster of Demonetisation, it is now officially clear that this entire exercise was the biggest scam in Independent India, indulged to convert its ill-gotten Black Money into White.”

The 11 banks stated by the Congress along with their BJP links are as follows:

1.Ahmedabad District Co-operative Bank – Director Amit Shah – Rs.745.58 Cr

2.Rajkot District Co-operative Bank – Chairman Jayeshbhai Vitthalbhai Radadiya (Cabinet Minister in BJP government) – Rs.639.19 Cr

3.Surat District Co-operative Bank – Director Prabhubhai Nagarbhai Vasava (BJP MP) – Rs.369.85 Cr

4.Sabarkantha District Central Co-operative Bank – Directors Rajendrasinh Chavada (BJP MLA) and Praful Patel (Administrator of Diu & Daman and Dadra & Nagar Haveli) – Rs.328.50 Cr

5.Banaskantha District Central Co-operative Bank- Director Shankar Chaudhary (General Secretary of Gujarat BJP) – Rs.295.30 Cr

6.Mehsana District Central Co-operative Bank – Controlled by Deputy CM Nitin Patel – Rs. 215.44 Cr

7.Amreli Jilla Madvasta Sahkari Bank – Chairman Dileepbhai Sanghani (Former BJP MP and Former Cabinet Minister in Gujarat) – Rs.205.31 Cr

8.The Bharuch District Central Co-operative Bank – Chairman Arunsinh Rana, BJP MLA – Rs.98.86 Cr

9.Baroda Central Co-operative Bank – Director Satishbhai Patel (BJP MLA) and Chairman Atulbhai Patel (BJP leader) – Rs.76.38 Cr

10.Junagarh Jill Sahakari Bank – Chairman Jashabhai Barad (Ex Cabinet Minister) – Rs.59.98 Cr

11.Panchmahals District Co-operative Bank – Gopalsinh Solanki (Former BJP MP) – Rs.30.12 Cr

The Congress had demanded a probe into the Ahemdabad district corporate bank who had exchanged currency worth Rs. 745.58 Cr within 5 days of PM Narendra Modi announcing demonetization on 8th November 2016.

“We expect Prime Minister Narendra Modi will himself come forward and give answers on the charges against Amit Shah, whom he has appointed. There should be an independent time-bound probe into this entire scam,” Mr. Surjewala said.

The Congress has dubbed demonetization as the biggest scam post independence that allowed scamsters to convert their Black Money into White.

The spokesperson also revealed that the states ruled by BJP and it’s allies got the largest proportion of deposits in the district Co-operative banks i.e 14,293 Cr out of 22,270 Cr which is a staggering 64.18%.

However, NABARD (National Bank for Agriculture and Rural Development), country’s apex financing agency for institutions that promote rural development has issued a statement saying that the average deposit amount in the Ahemdabad DCCB was Rs.46,795 per account holder which was lower than the average per depositor in 18 DCCBs of Gujarat.