BJP MLA’s claim that Ambanis, Adanis had prior knowledge of demonetisation may hit party image

The government has come under severe criticism for its sudden announcement and several political parties have called for a joint parliamentary committee probe into the demonetisation move.

Written by Kanishka Singh | Updated: November 17, 2016 2:21 pm
demonetisation, bjp, ambani, adani, rajasthan mla, bjp, demonetisation news, india news, bjp news, narendra modi, modi news, india news The ban on these currency notes meant that 86 per cent of the paper currency in circulation became invalid.

A Bharatiya Janata Party legislator’s statement that industrialists Ambanis and Adanis already knew about the demonetisation before it was announced may hit the party’s image hard. This also raises questions about the BJP’s inability at this crucial juncture to keep its house in order.

The legislator in question is Bhawani Singh, an MLA from Kota, Rajasthan. He claimed that Ambanis and Adanis knew about the demonetisation of Rs 500 and Rs 1,000 notes prior to announcement of the ban on November 8 and it gave them an opportunity to sort their money in advance.

WATCH VIDEO

The time is crucial for the BJP. It has several key pieces of legislation to pass in this session and elections in Punjab and Uttar Pradesh coming up. Any slip ups will hit the party hard. PM Modi and Finance Minister Arun Jaitley have insisted that sudden announcements were because of secrecy concerns over demonetisation process. However, Bhawani Singh’s allegation, which amounts to breach of confidentiality by some within the system, are anything less than serious and the Opposition may latch onto this for cornering the government further.

The government has come under severe criticism for its sudden announcement and several political parties have called for a joint parliamentary committee probe into the demonetisation move. The move was apparently aimed at making black money accumulated by people as null and void, but has ended up causing huge inconvenience and cash crunch for the general public.

The ban on these currency notes meant that 86 per cent of the paper currency in circulation became invalid. In such times, Bhawani Singh stated that the process could’ve been planned properly and could’ve moved step by step which in a way rubs salt on wounds of the government. He has claimed that the currency ban was ‘unplanned’ and ‘the government could have given people some time to get things in order.’

India vs England Live score

BJP will want to rein in MLAs criticising moves announced by the prime minister himself. As it stands, the issue holds potential to washout much of the Winter Session of Parliament. Thursday saw repeated adjournments in both houses after Opposition parties kept up their high pitch against the currency ban and questioned the prime minister’s absence from the Parliament when an issue directly affecting the 1.3 billion population of India was being discussed.

For all the latest India News, download Indian Express App now

  1. O
    Onkar Singh
    Nov 17, 2016 at 9:32 am
    BJP's party unit deposited higher denominational notes hours before demonetization,i n Kolkata. Today a picture is doing the rounds that lakhs of rupees in the denomination of Rs.2000/- were caught,when being given as bribe. People in the country all over are being given only Rs.4500/-,and reduced to Rs.2000/- from Friday. Will the PM explain this phenomenon? Money in bulk is available in bulk for bribe. Who gave that money? And bribe was given in the state of Gujarat. Does it mean there is no limits to exchange money in Gujarat? Lakhs are available in Gujarat.How is this possible? People in the country are reeling in pain to get their money exchanged,ATMs are empty all over the country. Whom are you trying to fool,Modiji? Now the cat is out of the bag that Ambanis and Adanis knew about the demonetizing of notes!! Is it true that the new Governor of the RBI Urjit Patel is related to Mukesh Ambani? If this fact turns out to be true then, the question of " secrecy " is to be taken with a pinch of salt!!! What was the necessity of printing the notes of the denomination of Rs.2000/-? For whose convenience? Fake notes moving in the economy is to the tune of 0.028per cent of the currency,if I heard rightly,MP Yechury's speech? Terror funding is through electronic legal channels,is also what probably the opposition MP said. So what was Modi trying to achieve?Self pride.Modern age " Mohammed bin Tughlak "Modi,of this century?
    Reply
    1. A
      Aid
      Nov 17, 2016 at 10:13 am
      Kick that a%% h £€e
      Reply
      1. C
        CRUSADER CAT
        Nov 17, 2016 at 11:47 am
        AAP collected huge black money by selling tickets for Punjab Elections. The Ghanta Singh suddenly got this shock. All were asked to come out clean before Sept. 30 , given even enough time and opportunity. If AMbani, Adaani had availed before Sept 30 then AAP has to blame themselves.
        Reply
        1. C
          Casb
          Nov 17, 2016 at 1:13 pm
          BJP has taken the people of India as Guaranteed Fools.... Playing with their minds and life....
          Reply
          1. R
            Rajat Agarwal
            Nov 17, 2016 at 9:50 am
            Is it just an accusation or is there dome proof.
            Reply
            1. A
              arun
              Nov 17, 2016 at 9:57 am
              where is the proof ? Don't be Kejriwal... The nation fed up with one kejri already.
              Reply
              1. A
                arun Tiwari
                Nov 18, 2016 at 6:07 pm
                It seems concern MLA have day dream problem and commenting for cheap publicity.....
                Reply
                1. B
                  Barb Dewyre
                  Nov 17, 2016 at 12:28 pm
                  I don't find anything wrong in whatever he has said.
                  Reply
                  1. B
                    Binay
                    Nov 17, 2016 at 12:10 pm
                    If there is any iota of truth in these allegations by Bhawani Singh, Rajasthan BJP MLA, then BJP will be demolished in the next elections.
                    Reply
                    1. A
                      ASHOK KUMAR
                      Nov 17, 2016 at 9:53 am
                      Please, don't give Modi heart attack. The nation needs him badly at this critical juncture.
                      Reply
                      1. S
                        Sreenivasan
                        Nov 17, 2016 at 10:21 am
                        Perhaps he is right. BJP leader Mr J Reddy is said to have spent Rs.500 crore on his daughter's marriage. Those concerned can issue a denial that the leader and his ministers did not know about the marriage while deciding the date for demonetization. Mr Reddy is known to have contributed heavily into the growth of BJP in Karnataka. Lotus smiled in South India because of him. So, those who have power to know everything naturally must have shared some vital information with him. BJP leaders as usual have started leaking the secret now. They just cannot suppress the thrill.lt;br/gt;Wonderful.
                        Reply
                        1. S
                          Sreenivasan
                          Nov 17, 2016 at 9:29 am
                          So, what ? Leader has no intention of punishing the genuine wealth creators of India. We should punish only those people who keep money in their cupboards at home. The cash should come to the bank. Otherwise how the poor banks will write off lakhs of crores of rupees every year ? Our FM says not written off. Bank will start recovery proceedings on it. When the govt. initiated such proceedings against defaulters (they call them defaulters, not thieves or robbers) in 2008 to recover about Rs.2500 cr. final recovery was of approx. Rs.140 cr. that was just about what the govt. spent on advocates. How do you think the advocates of Supreme Court are so rich ? This govt. will also surely fight cases against those defaulters whose loans our banks declared as bad debt. One advocate when he was given a parliament seat by the party to fight election in Chandigarh, he preferred to buy a house there spending crores. Imagine how poor he is. Such money come from the government to the hands of such advocates who double up as party leaders and some times as honourable ministers also. Believe them if you can.
                          Reply
                          1. R
                            Raghu
                            Nov 17, 2016 at 12:30 pm
                            People should think hard and with open mind. Everyone in the BJP must have been informed about this. Without this how are they even going to fight elections? Forget about their everyday "aish" and luxuries.
                            Reply
                            1. Z
                              zafar gani
                              Nov 17, 2016 at 10:03 am
                              Why our Feku is being pursued so vigorously. He knows what we , the common people r going through. Baba Ramdev, sachcha desh bhakt till today, has advised us to bear all these problems for a few days more, like our soldiers r doing..It will be a better India beyond achche din for all of us though Ramdev has achche din already.lt;br/gt;He had said before. one indian family had looted our country for 60 years. Now who is looting, hope notr ramdev baba . Bharat Mata Ki Jai.
                              Reply
                              1. J
                                jabesh
                                Nov 17, 2016 at 10:07 am
                                Who cares about him? He has ruined lives of common man like us.
                                Reply
                                1. V
                                  Venkataraman Jagadesan
                                  Nov 17, 2016 at 10:07 am
                                  All politicians irrespective of parties were Black Money holders and they could not cash their Black Money since they had no time. Mr Bhwani singh ,must also be one and he may be from BJP and so what? Politicians of these type were enjoying life under the CORRUPT CONGRESS RULE AND MADE BILLIONS OF BLACK MONEY AND NOW ALL THOSE PAPER MONEY HAS BECOME WASTE PAPERS AND CANNOT BE USED EXCEPT BURN THEM FOR PREPARATION OF TEA. BJP should find out as to how the MLA could throw a bomb without any adequate proof. The party should take disciplinary action for uttering a false hood without any proof. Jai HInd.
                                  Reply
                                  1. A
                                    arvij
                                    Nov 17, 2016 at 10:21 am
                                    Bluster from an ignorant . Accusations don't need evidence, proof. Imbecility is more than enough proof.
                                    Reply
                                    1. K
                                      Kamal
                                      Nov 17, 2016 at 6:34 pm
                                      Feku has stolen the money and is distributing it among his goons and dogs. What is it a govt of commission? ? Made the mistake of my life by giving vote. Never again.
                                      Reply
                                      1. K
                                        khaja
                                        Nov 17, 2016 at 11:40 am
                                        Truth cannot be locked permanently.
                                        Reply
                                        1. L
                                          LK
                                          Nov 17, 2016 at 10:57 am
                                          Looks like Mr. Bhavani Shingh was mighty 'inconvenienced' by the sudden demonetization move. That even BJP netas are not happy about the move is proof of impartiality of the Govt.
                                          Reply
                                          1. R
                                            R.Mehta
                                            Nov 17, 2016 at 11:35 am
                                            Considering the timings and way it is announced ,most likely those dear to the party were tipped well in advance of the move ,so that they could put their things right. So far general public is concerned none of the parties cares about them after being voted to power.Even after seeing and hearing about inconvenience being caused to people,who after leaving their regular work are standing in long queues outside the banks all over ,no measure has been taken to solve their problems .On the other hand every other day something new is being announced to add to the problems of the people..There is no concern for ladies, elderly people ,sick people and for other Sr Citizens and for remaining common people as a w.
                                            Reply
                                            1. Load More Comments