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Money launderers beware Namo and his men are watching you
New Delhi: Days do not seem to be far away when black- money holders and those who have collected money through dubious means will find no escape route, going by the speech of Prime Minister Narendra Modi at a public meeting in Uttar Pradesh on Saturday.
Most of these people had found Jan Dhan scheme, fake bank accounts, tax exemption in north-eastern states, investment in real estate and gold safe areas for investment and conversion of black money into white.
The Jan Dhan scheme was the latest to attract this crowd. The account under the scheme was swelling by the day. As much as additional Rs 24,000 crores were deposited in this account by different individuals during first three weeks of ban on high-value notes.
On scrutiny, it was found that in Uttar Pradesh alone seven thousand accounts had received a windfall. Large sums were deposited in all these accounts. To cite an instance, a daily wage earner in Etah found to his disbelieve as much as Rs four crores in his account last week.
The disclosure was made when he went to his bank ( a private one) to ask why he has got another ATM card sent through post office when he has already got one which was active. In the course of inquiry by the bank it was found that he has more than Rs four crores in this account. Astonished labourer told the bank that he was a daily wage earner, getting Rs 600 a day and that he had not seen this amount even in his best dream.
The account was opened last year in view of the government's insistence that all payments for government schemes would be deposited in banks which could have zero balance. The issue was reported to the concerned authorities.
The Prime Minister's office had received many such reports. In view of this, the government has mooted a number of proposals to end this practice. One such proposal is to seal the accounts where large deposits have been made pending inquiry and identification of the persons involved in the money-laundering racket.
The Prime Minister hinted at the public meeting that some other proposals are also being considered against the money-launderers. Deterrent action may be taken against them. Till such time as the government decides about it the account holders should not withdraw the amount and hand over to the depositor, whatever may be the provocation.
In either case such depositors will have a tough time. Modi's latest public address which is being re-heard has caused much tension and anxiety to them.
Also read: Over 90 per cent people have turned poor due to demonetisation: Mayawati
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