Speaking at the Hindustan Times Leadership Summit, the Bihar leader also said his support for the government’s move to scrap Rs 500 and Rs 1000 notes was driven by his anti-corruption stand – not politics. But the Bihar chief minister refused to be drawn into a war-of-words. Kumar has also spoken out repeatedly in the past against benami properties. Under the Prohibition of Benami Property Transactions Act, a transaction is named ‘benami’ if property is held by one person, but has been provided or paid for by another person. People caught with benami properties could end up with up to seven years in jail and pay a fine of up to0 n10% of the market value of the property.

Source: Hindustan Times December 03, 2016 13:52 UTC