dirty cash flow: Despite note ban, dirty cash flows for elections - News Summed Up

dirty cash flow: Despite note ban, dirty cash flows for elections


The amount of liquor seized went up from 15,151 litres (worth Rs 15.15 lakh) to 1.01 lakh litres worth Rs 3.10 crore.The story in Goa was no different. Cash seizures totalled Rs 2.24 crore, a 273% rise over Rs 0.60 crore seized in the run-up to the 2012 polls in the state. Liquor seizures stood at 76,299 litres this time, valued at around Rs 1.07 crore. "The massive and unprecedented cash seizures from the poll-bound states prove that demonetisation has had no effect on use of money power in elections," said a senior EC official. "Uttar Pradesh, where, has reported little impact on movement of black money/unaccounted cash during the ongoing poll.


Source: Times of India February 20, 2017 23:03 UTC



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