Rahul Gandhi reveals ‘real reason’ behind PM Modi’s demonetisation move

31 August 2018, 12:03 AM
Rahul Gandhi reveals ‘real reason’ behind PM Modi’s demonetisation move (Photo: Screengrab)
Rahul Gandhi reveals ‘real reason’ behind PM Modi’s demonetisation move (Photo: Screengrab)

Congress president Rahul Gandhi on Thursday launched a scathing attack on Prime Minister Narendra Modi for his much-touted demonetisation move that "failed" to achieve all its stated objectives and said that the decision was not a mistake but a “deliberate move” to help few people to turn their black money into white.

“PM had promised that black money, terror funding, and fake currency will be eradicated. The RBI annual report proves that all his objectives failed,” Gandhi Said while addressing a press conference at Congress headquarters in Delhi.

On Wednesday, the Reserve Bank of India (RBI) in its annual report for 2017-18 revealed that demonetisation did nothing to India as over 99 per cent of the banned notes returned to the bank.

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The Gandhi scion claimed that the real reason behind the demonetisation was nothing but to help few of PM Modi’s industrialist friends convert their black money into white.

“I want to state the real reason of Demonetisation to everyone. Demonetisation was not a mistake, it was a deliberate move: PM Modi's 10-15 capitalist friends were defaulters. He helped them to turn their black money into white,” he said.

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The Congress chief also slammed the Narendra Modi government for increasing NPA of banks and said it increased almost 600 times under the BJP-led NDA government.

“During UPA regime, NPAs were ₹2.5 lakh crore. It has now jumped to ₹12.5 lakh crore,“ Gandhi added.

Watch Rahul Gandhi's press conference here: 

First Published: Thursday, August 30, 2018 06:05 PM
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