Bank with Amit Shah as director collected highest amount of banned notes
Ahmedabad District Cooperative Central Bank (DCCB), which has Bharatiya Janata Party (BJP) national president, Amit Shah, as a director, netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to Right To Information (RTI) replies received by a Mumbai activist. It secured deposits of Rs 745.59 crore of the spiked notes – in just five days after Prime Minister (PM) Narendra Modi made the demonetisation announcement. All the district cooperative banks were banned from accepting deposits of the banned currency notes from the public after November 14, 2016 – five days after demonetisation – on fears that black money would be laundered through this route.
Fri, Jun 22, 2018, 04:32 PM
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