Demonetization meant to help crony capitalists: Rahul
New Delhi, Aug 30 : Terming the demonetization a "scam", Congress President Rahul Gandhi on Thursday said the primary purpose behind the exercise was to help "15-20 biggest crony capitalists" whose loans have turned into NPAs.
"Why did he (Prime Minister Narendra Modi) do it (demonetization)? His 15-20 big industrialist friends had accumulated NPAs worth thousands of crore. So through demonetization your (common man's) money was taken out of your pocket and put directly in the pockets of the country's biggest crony capitalists," Gandhi told the media.
He said Modi's "friends" turned black money into white after the November 2016 note ban.
"For example, a cooperative bank in Gujarat whose Director is (BJP President) Amit Shah, exchanged Rs 700 crore in the wake of demonetization. It cannot even be called a jumla, it can be called a scam," he added.
"Indeed, Prime Minister Modi did what had not been done in the last 70 years... He did it and devastated the economy (through demonetization)," the Congress President said.
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Karnataka MLC Nazir Ahmed visits Ajman Ruler’s Court, Thumbay Medicity
Ajman, UAE: Karnataka Legislative Council member and Political Secretary to the Chief Minister, Nazir Ahmed, visited the Ajman Ruler’s Court and Thumbay Medicity, strengthening ties between Karnataka and the UAE.
At the Ruler’s Court, Ahmed met Sheikh Dr. Majid bin Saeed Al Nuaimi, Chairman of the Ruler’s Court, to discuss avenues for collaboration in healthcare, education, and research. He extended an invitation to Sheikh Majid to visit Bengaluru and proposed a future delegation of high-level officials from Karnataka to Ajman and Thumbay Medicity.
As part of the visit, Ahmed toured Thumbay Medicity’s state-of-the-art healthcare, medical education, and research facilities. Praising the institution’s achievements, he described it as a global hub for healthcare excellence.
Commending the efforts of Dr. Thumbay Moideen, founder and president of Thumbay Group, Ahmed acknowledged his role in establishing Thumbay Medicity as a leader in the field. “It is a matter of immense pride to witness Dr. Thumbay’s remarkable progress and the iconic achievements of Thumbay Medicity,” he said.
Dr. Thumbay expressed gratitude for the visit, emphasizing the importance of collaborations that benefit both the UAE and India. “This visit marks a significant milestone in strengthening our shared vision for excellence in healthcare and education,” he stated.
Thumbay Medicity in Ajman is known for its advanced healthcare services, cutting-edge medical education, and pioneering research. It continues to gain global recognition as a model for integrated healthcare and education.
