Delhi CM Kejriwal alleged that there had been significant misreporting on the money deposits made at banks. "In previous quarters, deposits in banks were negative. But in the July-to-September quarter, such large amounts were being deposited in the banks. Who did all this money belong to?" he asked.

demonetisation of Rs 500 and Rs 1000 notes

Read Also 2 die in queue to exchange banned notes at bank The scramble by millions of panicked consumers to exchange banned currency or deposit them turned tragic today when two people died in separate incidents in Maharashtra and Kerala amid chaos and confusion for the second straight day with poor cash flow.

Amit Shah demanded an explanation from opposition

Demonetisation a major scam: Arvind Kejriwal

NEW DELHI: Aam Aadmi Party chief Arvind Kejriwal on Saturday morning kicked off a storm over the. He alleged that the whole move was a huge scam by the NDA government and that the BJP and some other players had been given prior information of the move.“A huge scam has been perpetrated a few days ago in the name of tackling corruption,” Kejriwal alleged. “When the PM announced the move, he had informed all of his friends who had black money and they secured their money,” the Delhi CM added.He further alleged that there had been significant misreporting on the money deposits made at banks. “In previous quarters, deposits in banks were negative. But in the July-to-September quarter, such large amounts were being deposited in the banks. Who did all this money belong to?” he asked.“They are claiming that a lot on money will now come into the system. In the name of battling corruption, the only thing that is going to happen is that a lot of money is merely going to change hands. And for this, the people are being inconvenienced” Kejriwal said.“The government has said those who deposit their black money will have to pay tax and face a 200 percent penalty. That means 90 percent of the amount will be lost. Which holder of black money is going to make such a deposit? The government is indirectly trying to tell black money holders not to deposit their money,” he alleged.He continued his attack on the ‘intent and implementation’ of the move. He claimed the government had gone ahead with the move knowing fully well that the ATMs presently used are not configured to dispense the new Rs 2000 notes.“What kind of person holds black money in this country? Is it the Adanis, Ambanis, Subhash Chandras and Badals? Or is it rickshawala, cobbler, labourer or farmer?” he asked.Kejriwal’s attack on the Centre came a day after BJP chief, AAP included, on their motives for opposing the demonetisation.