Demonetisation is a big scam: Mamata

Press Trust of India  |  Kolkata 

Launching a fresh attack on the over demonetisation, Chief Minister MamatacBanerjee today alleged note ban was a big scam and was announced to help vested interests convert into white money.

Banerjee's remarks came on the eve of the first anniversary of


"is a big scam. I repeat, is a big scam. If a thorough investigation is conducted, this will be proved," the chief minister alleged on

"was not to combat It was only to convert into white money for vested interests of political party in power (sic)," she alleged.

Neither it brought back stashed abroad nor it could combat or help the country develop, Banerjee claimed.

"In all practical sense, it yielded a big, big zero," she said.

Due to demonetisation, "the country has already lost worth nearly Rs 3 lakh crore. Crores of workers, particularly in the informal sector, lost their jobs. Farmers were left to starve. Over 100 people lost their lives", the CM claimed.

November 8 will be observed as Black Day to protest against and the "unparallelled damage" it caused to the country and the economy, she said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 07 2017. 16:22 IST