Demonetisation: Doesn't the country know whose money was invested in chit funds? PM Modi hits back at Mamata Banerjee

WION Agra, Uttar Pradesh, India Nov 20, 2016, 12.25 PM(IST)

Narendra Modi said the inconvenience people were facing in the wake of demonitisation would be solved within the next 50 days. Photograph:( ANI )

Prime Minister Narendra Modi on Sunday said political leaders behind multi-crore chit fund scams were attacking him after being hit hard by demonetisation. His remarks were seen as a sharp attack on West Bengal Chief Minister Mamata Banerjee who had been rallying political leaders against the demonetisation of Rs 500 and Rs 1000 currency notes. 

Mamata Banerjee retorted on Twitter that the PM was accusing those who opposed his policies of corruption.






In barbs aimed apparently at Banerjee, Modi had said, "I know what sort of people are raising their voice against me? Does the country not know whose money was invested in chit fund business? Lakhs and crores of poor people invested money in chit funds. But with the blessings of politicians, crores and crores of rupees have vanished.

"Due to chit fund loss, hundreds of head of families were forced to commit suicide. Look at history and they are questioning me," he added.

Trinamool Congress (TMC) leaders have been implicated in chit fund scams in West Bengal. 

He also hit out at the Congress saying governments in the past 70 years kept quiet on blackmoney because they were worried about losing power.

Modi said people would be inconvenienced only for 50 days by the government's decision following which the situation would normalise. "I assure you your sacrifices will not go in vain," the Indian PM said.

(WION with inputs from PTI)