Within one month of government’s demonetisation drive, not just Chandigarh but the entire nation has seen a different side altogether. Middle-class people always believed that the upper class has been the privileged one and with the news of Rs. 30 lakh in cash and 2.5 kg gold being found from the property of Maharaja Tailors in Chandigarh has sent the entire city in a shock.
Working swiftly on the tip off, Enforcement Directorate investigators worked out a plan and seized 30 lakh cash with Rs. 18 lakh in new Rs. 2,000 notes and the remaining amount was in 100 and 50 rupee notes.
Story of the Tailor and the Cloth Merchant:
Maharaja Tailors of Mohali with a shop in Sector 22, Chandigarh came into limelight when Enforcement Directorate reached their premises and seized the above mentioned amount.
After detailed interrogation and analysis of the bill books of the shop, officials discovered that the proprietors of Maharaja Tailors had purchased 2.5 kg gold at a rate of Rs. 44,000 per 10 gram right after demonetisation.
Investigators said that they have studied the case and were now verifying how the notes were exchanged and the shop/owners from whom this 2.5kg gold was bought.
In another case, Enforcement Directorate officials recovered Rs. 2.19 crore cash from a cloth merchant in Chandigarh. Under this case, the UT police has arrested a senior bank employee of a private bank in Mohali charging a high commission and for allegedly providing new currency notes to cloth merchant, Mr. Inderpal Mahajan. Officials recovered Rs. 17.74 lakh in Rs. 2,000 denomination, Rs. 12,500 in Rs. 500 denomination from the house of Mr. Mahajan.
Demonetization and its after-effects on Common Man
On November 8, 2016, Prime Minister Narendra Modi announced the surprise demonetization of the Rs500 and Rs1000 notes of Indian currency. With an attempt to tackle the issue of black money in the country, Modi requested the entire nation to be patient so that black money is completely sucked out from the hoarders. He requested the common man to make short term sacrifices and this was clearly seen with people from both genders, from all the classes and caste as well as age groups patiently queuing outside banks to get their money deposited. However, the real question is, who is making this sacrifice? The lower middle class or the middle class workers who have no political or other connections in the bank. The riches have always been privileged, by the virtue of being powerful. What remains unanswered is, why is that a common man who suffers, alway?