Business Standard

Temple handi to NGOs: How launderers are still beating the govt on note ban

From flying the cash to northeastern states to using back-dated bills, the methods are aplenty

Demonetisation, cash
Premium

Demonetisation, cash

BS Web Team New Delhi
Demonetisation took the country by storm and disrupted normal life for most people. The key word here is "most" because it seems that black money launderers have continued their operations; which is nothing to brush off given that the government's justification for the suddenness of the measure was that it did not want black money hoarders to escape. 

Be it billing bogus transactions in the names of unsuspecting people to depositing unaccounted wealth in someone's Jan Dhan account, the methods vary but the theme is the same: The government's noose is just not tight enough. 

Business Standard lists out some

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in