Undavalli Arun Kumar alleges Modi's coterie, BJP Leaders and the alliance partners of the Saffron Party knew about demonetization 3-4 months back. 'It was only after these people successfully converted their Black Money into White, Modi made the announcement to scrap old currency. Only the common man suffered due to demonetization. None of the big shots has come to the banks for new currency,' he says.
The Former MP showed various Newspaper Cuttings which hinted about the possible currency ban. He opined these are the proofs to say BJP sympathizers knew about currency ban.
Undavalli said there is no truth in the claims of Narendra Modi and Arun Jaitley that normalcy could be obtained within 3 weeks or 50 days. He feels there is every possibility of this negative impact for close to one year. 'When 86% of the currency is of Rs 500 and Rs 1000 notes, Its never gonna be easy to replace them all of a sudden,' he declares.
The Former MP showed various Newspaper Cuttings which hinted about the possible currency ban. He opined these are the proofs to say BJP sympathizers knew about currency ban.
Undavalli said there is no truth in the claims of Narendra Modi and Arun Jaitley that normalcy could be obtained within 3 weeks or 50 days. He feels there is every possibility of this negative impact for close to one year. 'When 86% of the currency is of Rs 500 and Rs 1000 notes, Its never gonna be easy to replace them all of a sudden,' he declares.