I am just showing you this that even Indian political parties have to declare regarding funds in Republic of India.
http://www.thehindu.com/news/nation...r-against-Jagan-confirmed/article16901510.ece
A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs. 749 crore issued by the Enforcement Directorate against YSR Congress chief Y.S. Jagan Mohan Reddy, his wife and others in a money laundering case.
The agency had attached the said assets in June this year as part of its probe against Jagan
under the Prevention of Money Laundering Act (PMLA).
Those 5000 Cr have gone from RBI which was to change the old currency of 500 and 1000. Bordering states are having problem because of smuggling, fake currency etc .
http://indianexpress.com/article/in...palese-notes-seized-from-customs-men-4433649/
By: PTI | Lakhimpur Kheri | Published December 18, 2016 4:47 pm
In the second major haul in as many days of high denomination Indian currency notes, cash totalling Rs 58,000 and Nepal currency worth Rs six lakh were seized from two customs officials in Pallia town on India-Nepal border, police said on Sunday. The Indian currency was in the denomination of Rs 2000, Kheri Superintendent of Police Manoj Kumar Jha told reporters.
Jha said no satisfactory explanation was received on how the Nepal currency as well as new Indian currency in such a large quantity reached the customs officials. The seizure was made from a hotel in Pallia town on India-Nepal border.
Palia Kalan, Uttar Pradesh
***************************
http://www.thehindu.com/news/nation....23-lakh-unaccounted-cash/article16900642.ece
The Government Railway Police (GRP) have seized Rs 17.23 lakh ‘unaccounted’ cash from two persons at the railway station here on Sunday.
Sources said that the GRP personnel detained two persons — Murali and Upender — employees of a chilli trader in the town, while moving towards the exit gate after alighting from the Konark Express at the railway station here on Sunday morning.
The GRP team seized a bag containing Rs 17.23 lakh ‘unaccounted’ cash in both demonetised old notes worth Rs 1.20 lakh and the remaining amount in new currency notes from their possession, sources added.
The duo reportedly told the GRP personnel that the amount was from proceeds of chilli sold to a customer in Odisha. However, they reportedly failed to produce requisite documents in support of their claim.
The GRP police informed the Income Tax Department officials about the seizure.
×
***********
Ministry of Finance
19-December, 2016 16:24 IST
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016
The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation of the legal tender character of these notes. It is expected that, by now, most of the people would have deposited such old notes in their possession. Keeping this in view and to reduce the queues in the banks, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016.
The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier. Amounts of Rs.5000 or less may continue to be deposited with banks in the customer’s account, as at present. However, cumulative deposits exceeding Rs.5000 between 19th and 30th December, 2016 will be as per the procedures advised by RBI in respect of deposits exceeding Rs.5000 as stated above.
Further, an opportunity has been given to the public to make the payments towards tax, penalty, cess/surcharge and deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 with the old bank notes of Rs.500 and Rs.1000 denomination upto 30th December, 2016.
A number of representations had been received from District Cooperative Central Banks (DCCBs) to allow them to deposit with their linked currency chests the old Rs.500 and Rs.1000 notes that had been collected by them between the 10th of November and 14th of November, 2016. An enabling notification to this effect has been issued. NABARD which supervises the DCCBs will conduct complete audit check of the Know Your Customer (KYC) documents of the individual customers who have deposited these notes or of the members of the Primary Agricultural Credit Society (PACS) who have deposited these notes. The details in this regard will be notified by RBI.
*****