Demonetisation nothing less than huge scam: Rahul Gandhi   

A day after the Reserve Bank of India stated that 99 per cent of the scrapped notes came back to the system, Congress president Rahul Gandhi on Thursday took a jibe at Prime Minister Narendra Modi terming the demonetization a huge and planned scam.

“Notebandi is nothing less than a huge scam,” the Congress president said.

In a response to the question whether Narendra Modi should apologise to the nation, Rahul Gandhi said you apologize for a mistake, but demonetization was not a mistake; it was a planned scam to help a specific bench of crony capitalists.

In its annual report that was published on Wednesday, the Reserve Bank of India had stated that 99.3 per cent of the scrapped RS 1000 and RS 500 notes have come back to the banking system. According to the report, only a fraction of the currency- RS 10,720 crore- was left out of the system after the unprecedented move aimed at checking black money and corruption- an exercise that cost the government RS 8000 crore, reported NDTV.

Launching a scathing attack against Narendra Modi, Rahul Gandhi said that the prime minister did an “irreversible damage” to the economy with the demonetization and he is bound to answer the common man. The Congress president also alleged that the note ban helped corporates turn their black money into what is called white.