Exposed: How spiritual leaders are laundering secretive money during demonetisation
Did the demonetization of Indian high currency notes curb corruption? No, it is more like a windfall of extra cash for so many ambitious people! They can take 100% of cash, give the people 60% back in new notes, pay the bank clerks a cut and keep the profit for their organisations.
India Today’s special investigation team found several holy men and women rampantly black-marketing illicit wealth for hefty commissions. (article by Syed Masroor Hasan Md Hizbullah Kumar Ashish I l I Posted by Nivedita Dash. December 2, 2016
The November 8 ban on high-denomination Indian currency made this black-marketeering possible . Several spiritual leaders and priests of popular centres of faith are guilty of this sordid malpractice. Radha Mata , the ‘revered’ head of the Vaishno temple in Ghaziabad near Delhi used hawala operators when the undercover India Today reporters approached her to swap fictitious unaccounted money. She offered to exchange outlawed notes from banks at half their original value of Rs 25 crore. She claimed that the clients could get dollars wherever they chose, such as Dubai, Canada or England, (but the bank would take 50% in commission). India Today dredged up the other – sacred shrines short-changing
invalid currency, such as in the ancient temple town of Mathura.
From India Today (article by Syed Masroor Hasan Md Hizbullah Kumar Ashish I l I Posted by Nivedita Dash. December 2, 2016
See also The Dark Side of very prominent Hindu gurus
