BJP president Amit Shah is director of bank raided for money laundering

Post demonetisation links of BJP president Amit Shah in the game of converting black money into white cease to surface. In last 45 days of noteban several cases have been reported in the media that expose BJP president’s involvement in money laundering cases.

New Delhi, December 24: In a yet another startling revelation, it has been found that within the three days of demonetisation announcement, whopping Rs 500 crore was deposited in the head office of the ADC Bank in which BJP president Amit Shah is a director.

Post demonetisation links of BJP president Amit Shah in the game of converting black money into white cease to surface. In last 45 days of noteban several cases have been reported in the media that expose BJP president’s involvement in money laundering cases.

PTI quoted an ED official, “ED had conducted searches at ADC [Ahmedabad District Co-operative] Bank’s head office on Ashram Road.” Amit Shah is a director to ADC bank as per the bank’s official website.

Earlier too, a news was rife about BJP’s land buying spree in Bihar. The next day, it was out that the deals were authorised by none other than the Shah himself.

Read More: Dubiety of Demonetisation: Amit Shah authorised BJP bihar land cash deals

Read More: BJP land deals before currency ban raises suspicion

Read More: Post Demonetisation, did Amit Shah deposit Rs 500 crore in his A/C

Amit Shah Director of Co Bank

Bank’s CEO Mangilal Bahediya himself told PTI that the raid was conducted on December 19, after the RBI had already barred the district central cooperative banks from exchanging and depositing old denomenation notes Rs 1000 and Rs 500 notes. As per news reports, raids were conducted on suspicion of discrepancies in exchange and deposit of demonetised notes.

Read More: West Bengal  BJP deposited Rs 3 crore ahead of currency ban

There was another media report that stated that Rs 500 crore was deposited in this branch of the bank on the night demonetisation was announced by Prime Minister Narendra Modi.

Within few days of announcing noteban, RBI barred the cooperative banks from accepting old currency notes due to the fear that they could become the hotbeds of black money conversion.

In another raid on a cooperative bank office-bearer, the IT sleuths raided the residence and hotels of BJP leader and former chairman of Madhya Pradesh Rajya Sahkari Awas Sangh Sushil Vaswani in Bhopal on December 20.

The raids were conducted after the tip off was received by the IT officials that the bank had laundered large sums of money following demonetisation.

In another case, Tamil Nadu police arrested BJP youth wing secretary J. V. R. Arun Salem who had campaigned aggressively in favour of the demonetisation drive. The raids found new currency worth Rs 20.55 lakh, including 926 bills of Rs 2,000.

Similarly, in West Bengal, party leader Manish Sharma was arrested on charges of money laundering after currency worth Rs 33 lakh in new Rs 2,000 notes was found in his possession. The state police had also recovered seven firearms and 89 bullets from his car.

In another IT raid cash worth Rs 91.50 lakh in old currency was recovered from the car of Maharashtra cooperation minister Subhash Deshmukh on November 18.

Yet another report revealed that just on the day demonetisation was announced, Rs 3 crore in cash was recovered from the car of a BJP leader in Ghaziabad.

Amit Shah in a press conference had said: Only people who are losing huge black money are feeling the pain after demonetisation. But it seems that BJP’s power packed leaders are not feeling the pinch of pain despite being involved in black money.

Wefornews Bureau

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