He further alleged that there had been significant misreporting on the money deposits made at banks. “In previous quarters, deposits in banks were negative. But in the July-to-September quarter, such large amounts were being deposited in the banks. Who did all this money belong to?” he asked.
“They are claiming that a lot on money will now come into the system. In the name of battling corruption, the only thing that is going to happen is that a lot of money is merely going to change hands. And for this, the people are being inconvenienced” Kejriwal said.
“The government has said those who deposit their black money will have to pay tax and face a 200 percent penalty. That means 90 percent of the amount will be lost. Which holder of black money is going to make such a deposit? The government is indirectly trying to tell black money holders not to deposit their money,” he alleged.
