Note ban a failure, objective not fulfilled, says former FM Yashwant Sinha

Sinha rubbished PM Modi's claim that note ban was successful, saying that the exercise had actually failed

Senior Bharatiya Janata Party (BJP) leader Yashwant Sinha on Friday rubbished Prime Minister Narendra Modi's claim that demonetisation was successful, saying that the exercise had actually failed.

"Notebandi has failed as its objective was not fulfilled. There is no black money return," Sinha said, adding that 99 per cent of the currency had returned.

"But as usual the Central government has been taking help of lies to prove that it was a success," he said at a function here organised by rebel Janata Dal-United leader Uday Narayan Choudhary.

Accusing the Modi government of not being serious about fighting corruption, he asked why has a probe not been ordered into the business dealings of BJP President Amit Shah's son Jay Shah.