Politics

RBI revelations on demonetisation indicate big scam: Mamata

RBI revelations on demonetisation indicate big scam: Mamata

Kolkata: Hinting that the RBI’s latest revelations on demonetisation pointed to a “big scam”, West Bengal Chief Minister Mamata Banerjee on Wednesday said the entire exercise of banning high value currencies was a “flop show”.

Read also: RBI Report: 99% of demonetised currency returned to banking system

“Is not the RBI‘s revelation this evening on demonetisation pointing to a big scam?I feel it was totally a flop show,” Banerjee, also the Trinamool Congress chief, said on social networking sites Twitter and Facebook.

Revealing the low efficacy of last November’s demonetisation of high-value currency, the RBI said on Wednesday that of the Rs 15.44 lakh crore of notes taken out of circulation, Rs 15.28 lakh crore, or almost 99 per cent, had returned to the system by way of deposits by the public.

–IANS