Probe massive jump in bank deposits before demonetisation: Congress

Congress today said there was "sudden economic activity" weeks before the announcement of demonetisation.
Congress spokesman Abhishek Singhvi (EPS)
Congress spokesman Abhishek Singhvi (EPS)

HYDERABAD: Congress today said there was "sudden economic activity" weeks before the announcement of demonetisation and a huge jump in bank deposits as it demanded a probe to find out who those accounts belonged to.

Citing some instances before the November 8 announcement, Congress spokesperson Abhishek Singhvi asked, "Why sudden economic activity in the weeks immediately prior to demonetisation? Was Mr.(Narendra) Modi selectively sharing this vital information to make money for some people?", and demanded "at least an enquiry by a sitting Supreme Court judge or JPC".

He claimed that RBI published data shows that amounts deposited in banks shot up by Rs 5.88 lakh crore in the month of September this year compared to the previous month.

Compared to September last year, the increase was Rs 12 lakh crore, Singhvi alleged.

"Each account should be opened and enquired by sitting Supreme Court judge to find out who it belongs to," he told a press conference here.

"This deserves a JPC, this deserves a Supreme Court (sitting judge) enquiry. Property and bank deposits of each BJP state unit and each BJP unit must be examined across the country for accounts over the last six months," Singhvi demanded.

Prime Minister Narendra Modi had on November 8 announced his government's decision to demonetise Rs 1,000 and Rs 500 currency notes.

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