Congress alleges over ₹6,000 crores ‘Black Money’ sent out of India

Congress alleges over ₹6,000 crores ‘Black Money’ sent out of India
Congress alleges over ₹6,000 crores ‘Black Money’ sent out of India

PerformanceGurus Staff

New Delhi

[dropcap color=”#008040″ boxed=”no” boxed_radius=”8px” class=”” id=””]T[/dropcap]he Congress alleged on Friday that ₹6,000 crores ($924 million) of “Black Money” had been sent out of the country from a public sector bank months after the NDA government came to power last May and sought an independent probe into the “scam.”

Congress spokesperson R. P. N. Singh hit out at the BJP over its claims that there had been no scam during the rule of Narendra Modi government and said “cash of ₹6,172 crores ($950.93 million) was deposited in Bank of Baroda after July 2014”, violating rules governing such transactions.

Singh told reporters here that “the money was deposited as advance in 59 accounts of the bank” located in Delhi.

“₹6,172 crore was sent out of the country to get commodities such as pulses, rice and cashew nuts… but information was not taken if the commodities were received or not,” Singh alleged.

“The money was sent to Hong Kong where none of these commodities are produced. The money was sent to some specific companies in Hong Kong,” he added.

[dropcap color=”#008040″ boxed=”no” boxed_radius=”8px” class=”” id=””]H[/dropcap]e said three of the Indian companies are not traceable on the addresses mentioned by them. Singh said that based on the inquiry report submitted by the bank, government was aware of the “scam” and asked why no FIR had been registered. He alleged that officials of the bank had the “patronage” of finance ministry officials and asked the government to come clean on the issue.

“The money was deposited as advance in 59 accounts of the bank” located in Delhi.

– R P N Singh, Congress spokesperson

“This government tells us that it had brought ₹4,000 crores ($616.29 million) of black money back. But in one-and-a-half years, ₹6172 crore has gone to Hong Kong… Money is going out and that too without documents,” Singh alleged.

Note:
1. The conversion rate used in this article is 1 US Dollar = 64.91 Rupees.
2. Some of the content is used from IANS

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