When Modi announced it, he used Black Money under the garb of Black Money. Later on goal keep shifting. From damaging terrorist/Naxal money to digital transactions.
Amit Shah, right hand man of Indian PM Modi, was the director of the bank who got significant cash deposits after this ill thought out demonetization move. And worse, the news articles highlighting this have disappeared or have edited out Amit Shah’s name from all the major English newspapers. So much for media partiality in today’s India. Co-op banks were exempted, quite conveniently.
I could not get this logic. Can you explain more? problem would have been, if he got that money before demonetization, or he would have bought lands/gold, even then , if money comes in bank, "blackness" goes away, no?
Just few days before demo, huge huge amounts of cash was deposited in his managed loxal bank, & when demo was declared, as that money was already in bank's vault, it was safe. Also, the bank was type of Co-operative, kind of local credit union, these types of banks does not need to be interconnected between branches or with a central place, neither do they need to keep digitally timestamped records, manual book keeping on paper is allowed.
https://m.huffingtonpost.in/2018/06/22/amit-shahs-directorsh...