"Demonetisation was a big scam," he said, alleging that there had been improper financial dealings and purchase of immovable properties in West Bengal, Bihar and Odisha.
"Select BJP leaders, some people of Sangh (RSS), a few big corporate houses of Gujarat" had information about the decision before November 8, Bajwa claimed.
"We demand that Income Tax Department investigate the bank accounts of BJP and RSS leaders to know about their financial dealings of the last one year," he said, speaking at Indore Press Club.
There was no preparation before the decision, due to which common people were suffering a severe currency crunch, said Bajwa, a former Punjab Congress chief, referring to several instances of people dying while standing in queues at banks or ATMs.
Speaking about coming polls in Punjab, Bajwa claimed that AAP would not play any decisive role as it had lost people's trust due to Arvind Kejriwal government's poor performance in Delhi.