Know
How Indians Are Converting Their Black Money into White Even After
Demonetisation
If the Government is thinking that their
demonetisation policy is going to end the black money from the country then
they are certainly dreaming. Wealthy people have already figured out how to
convert their big stashes of black money into white. On the other hand Poor and
middle class people are suffering very badly. It seems like only poor and
middle class people are standing in the queue waiting for their turn in the
banks. But no wealthy and rich class people haven’t been found standing in the queues
so far. People from poor and class are literally facing hardships and
unfortunately around 50 people have been died so far since the initiation of
this demonetisation of currency.
Black money holders know how to play smart even at
this situation. According to the Google search reports it seems like people
from Gujarat are desperately looking for the methods to convert their black
money into white. Actually, Gujarat ranked 1 in searching “How to convert Black
money into white” on Google.
Now just have a look on the methods which is being
used by Black money holders to convert Black money into white. We have found
the 5 trending methods used to convert black money into white and they are
listed below:
Donating Huge Sum of Money in the Temples
Wealthy people believe donating temples is one of
the best methods to convert black money into white money. And nobody is going
to question you about it.
And temple management is also taking equal part in
this by keeping a commission from the black money holder. ABP news telecasted a
string operation showing that one of the pujari from Govardhan temple in
Mathura indulging in such activities.
Misusing
Jan Dhan Scheme
Before the demonetisation there were not many
Jandhan accounts but the moment demonetisation was implemented shockingly large
number of accounts have been opened. Besides large number of cash deposit in
these jandhan accounds have been after the implementation of demonetisation.
Wealthy people are sending their poor servants and workers to open their
accounts in the scheme. However, it is suspected that lots of money has been
deposited lately and it is certainly the black money.
Offering Loans to the People
Poor people are being used to convert black money
into white money and the reason is that nobody is going raise a question on
poor people and let them go without any investigation. Wealthy and rich people
have also started giving loans to their workers and poor people with no interest.
It seems like it is a good initiative but the reality is darker as these people
are just using loan system to convert their black money into white.
Investing
in Gold
Demonetisation dramatically leads to the increase in
gold prices. After the demonetisation announcement black money hoarders immediately
reached to the jewellery shops and surprisingly bought as much gold as they
could. Jewelers also took the advantage of this moment and sold their gold ornaments
at the premium rates. Very large quantity of Gold was sold during those 4 hours
after the demonetisation announcement till the midnight.
Banknote Mafias Are Cashing Out This Opportunity
Banknote mafia has started utilizing this
opportunity to earn profit in the form of commission. These people are ready to
exchange old notes of Rs 500 and 1,000 but in return they are providing not the full
amount but around 80% of the value in Rs 100 notes. And these mafias use the
profit to convert this money into white money.
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