Only six percent of black money is in cash, and Narendra Modi knows it too well: Rahul Gandhi

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MARGAO: Accusing the prime minister of not allowing him to speak in Parliament for nearly a month, Congress vice-president Rahul Gandhi on Friday proffered to unravel the truth behind black money and demonetisation.

“All cash is not black money, and all black money is not cash,” Gandhi said, further explaining that black money is mostly in the hands of “those 50 families, those one percent of India’s population” and not with the rest 99% of Indians. Without naming the 50 families, Gandhi said “these are the people who fly to foreign land along with Modi and strike business deals,” said Gandhi, who was speaking at Fatorda at the concluding function of the Jan Jagruti Yatra organized by the state unit of the Congress party.

“Only six percent of black money is in cash; 94 percent of black money is in real estate, gold, and in overseas banks. And Narendra Modi knows it too well. In the last election (campaign), Modi didn’t speak of black money. He had then said that most black money was stashed away in overseas banks, and that he would bring it back and deposit Rs 15 lakh in every Indian citizen’s account. I want to ask how many of you have got those promised Rs 15 lakh?” Gandhi questioned.

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