Government is Confused!Actually demonetization announcement by PM was done to curb black money, but an I-T raid conducted yesterday in the residences of two chief engineers of the public works department and three others linked to them has yielded RS 6 crore, including RS 4.7 crore in new currency and 14 kg of gold and gold jewelry. Umashankar, a senior manager of a private bank, has emerged as the conduit for exchanging old currency with the new in the black money.
The entire report is not revealed but this was disclosed to media. Surprisingly the new currency is in the denomination of Rs 2000. Now we should wait and see what action will be taken by the government against these officials.