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30 lakhs, 2.5 Kg gold seized from tailor in Chandigarh

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Rs. 30 lakh in cash and two and a half kilograms of gold were recovered from the premises of a prominent tailor in Chandigarh by the Enforcement Directorate as part of its operation to unearth illegal cash. Out of the seized cash Rs. 18 lakh were in new Rs. 2,000 notes, the rest were in 100- and 50-rupee notes.

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Acting on a tip off, the ED investigators swooped down on the premises of Maharaja Tailor in Punjab’s Mohali and at sector 22 in Chandigarh.

 

After examining the bill books of the shop, the officials found that the owners of the tailoring shop had bought 2.5 kg gold at a rate of Rs. 44,000 per 10 gram after demonetisation.

The ED investigators said that they were verifying how the notes were exchanged and who the owners of the shop bought the gold from.

The seizure comes three days after ED officials recovered Rs. 2.19 crore cash from a cloth merchant in Chandigarh. The Chandigarh Police had arrested a senior bank employee of a private bank in Mohali for allegedly providing new currency to cloth merchant Inderpal Mahajan on commission basis.

ED had seized Rs. 2.19 crore including Rs. 17.74 lakh in Rs. 2,000 denomination, Rs. 12,500 in Rs. 500 denomination from the house of Mr Mahajan on 14 December.

(With inputs from PTI)
 

Kejriwal demands setting up of commission to probe source of political parties’ funds

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Delhi chief minister Arvind Kejriwal on Saturday demanded setting up of a commission to probe source of funding of political parties.

Arvind Kejriwal

He also questioned the central government’s decision to exempt political parties from paying income tax while depositing old 500 and 1,000 rupee notes.

He sought to link the Centre’s tax exemption decision to the meeting between Prime Minister Narendra Modi and Congress Vice President Rahul Gandhi yesterday, suggesting the announcement was outcome of the parleys between the two.

“Common people are being investigated if they deposit Rs 2.5 lakh individually. But if political parties are not going to be investigated even if they deposit Rs 2,500 crore following the decision, then it is wrong.

“We demand setting up of an independent commission to probe into bank accounts details of political parties over the past five years, to investigate into their sources of funding,” Kejriwal said at a press conference.

He also asked the Centre to make public details of money deposited by all political parties post-demonetisation and sought removal of the “less than Rs 20,000 donation cap” for tax exemption, saying “each paisa the parties receive should be declared”.

“The income tax returns filed by AAP right from its formation until now are being enquired into. We are presenting each of the receipts and vouchers to the income tax department. We are not scared, what other parties, BJP, are scared of? Why they too should not be probed?” he asked.

 

Kejriwal, a bitter critic of Modi, accused the latter of helping political parties — the “biggest hoarders of black money” — to convert it into “white” at a time when common people have been forced to queue up outside banks and ATMs to withdraw their hard-earned money.

“Ye desh ke sath dhokha hai (it is a big fraud played on the country),” Kejriwal said.

Stating it was “surprising” that the tax exemption decision came after Gandhi led a Congress delegation to meet Modi, Kejriwal demanded that the Congress Vice President make public details of Modi’s corruption as he claimed to have supporting documents.

“He is not sharing details of Modi’s corruption, is only talking about it… Then he meets the PM and seals a deal. I will insist Gandhi to make public the evidences and that he stops entering into deals with Modi. Or else, the country will not forgive him,” Kejriwal said.

Hitting out at the Prime Minister, Kejriwal alleged Modi’s intentions were “bad” right from the day he announced demonetisation on November 8.

Meanwhile, Kejriwal also denounced the decision to hike petrol and diesel prices, which he saw as a repercussion of demonetisation and sought its immediate reversal.

“We oppose the hike in fuel prices. This is direct result of demonetisation. The rupee has become weak in international market post-demonetisation, leading to hike in the fuel prices. This should be rolled back immediately,” he said.

To a question, the chief minister said the AAP is “not affected” by demonetisation.

He reiterated demonetisation is an “unconstitutional” move and likened it to dacoity by the Prime Minister on bank accounts of people as they are not being allowed to withdraw their hard-earned money.

Referring to a case pending before the Supreme Court with regard to demonetisation, Kejriwal hoped it takes cognisance of concerns and declares the move as “unconstitutional”.

(With inputs from PTI)

Courtesy: Janta Ka Reporter
 

Ravi Shankar Prasad’s controversial statement, says demonetisation like ‘labour pain’,will result in ‘joy’

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Union Law Minister Ravi Shankar Prasad today likened demonetisation woes to “labour pain“, saying its end result would be as “joyful” as the birth of a baby.

Ravi Shankar Prasad
Photo courtesy: livemint

Prasad made the remarks at an event organised by the Delhi BJP’s IT cell that lay emphasis on how demonetisation was an opportunity for the country’s transition towards a cashless economy.

However, Prasad said the government’s motive behind demonetisation was “less cash”, not cashless. He criticised the Opposition parties for “not allowing” the Parliament to function.

 

“People will face a little problem. But the pain is like the one that a woman in labour undergoes. Eventually one will experience the joy like one does hearing the first cry of a baby,” Prasad said.

He asserted that the defunct notes deposited in the banks will be scrutinised and not all of it will be considered “white”.

At the gathering, largely consisting of lawyers, Prasad also took jibes at former Prime Minister Manmohan Singh, saying, he was “happy” when Singh spoke.

“I eagerly wait for the speeches of two people. Manmohan Singh and Rahul Gandhi,” he said, and went on to hail Prime Minister Narendra Modi for having “raised” India’s stature in the global community through his foreign trips.

He said the amount deposited in the banks will help in investing in strengthening the Indian Army, assisting farmers, small traders, building roads, adding that “naxals and terrorists” are a troubled lot due to the decision.

Speaking at the event, Delhi BJP chief Manoj Tiwari said politicians like Arvind Kejriwal and Akhilesh Yadav, who are opposing the measure, are actually “aware of its benefits”.

Tiwari also referred to Modi’s statement that former Prime Minister Indira Gandhi had “rejected” Wanchoo Committee’s recommendations in 1971 to bring demonetisation.

(With inputs from PTI)

Courtesy: Janta Ka Reporter