KOLKATA: Despite his opposition to demonetisation , former Union finance minister and senior Congress leader P Chidambaram today said there was no evidence that majority of the Jan Dhan accounts were used for money laundering post-currency withdrawal. "Evidence do not point out that there was wholesale use of Jan Dhan accounts for money laundering purposes. Nearly 25 per cent of the JanDhan accounts were having zero balances and in the remaining, the average balance was Rs 27,000," he said at the Kolkata Literary Meet here.Only a small number of such accounts could have been used for money laundering, he said. "My real quarrel with demonetisation is that a decision of this magnitude, which has enormous consequences, cannot be taken by a single person. It may ease in the metropolitan cities, but in distant areas, 40 per cent of the ATMs do not have cash," he alleged.

Source: Times of India January 28, 2017 11:05 UTC