Indian PM asks ruling party lawmakers to submit their bank statements post-demoentisation

Indian Prime Minister Narendra Modi Tuesday ordered lawmakers of the ruling Bharatiya Janata Party (BJP) to submit bank statements of all transactions between Nov. 8 and Dec. 31 in January next year.

Nov. 8 is the day when Modi had, in a sudden televised address to the nation, announced the scrapping of currency notes of 500 rupees and 1,000 rupees (75. U.S. dollars and 15 dollars respectively) to curb the menace of black money and stop circulation of fakes notes among militants.

"At the BJP parliamentary party meet, Modi has asked all BJP parliamentarians and legislators of all state assemblies to submit the bank statements on Jan. 1 next year to party chief Amit Shah without fail," highly placed sources said.

The Prime Minister's direction came in the wake of allegations by several opposition parties that the BJP had tipped off some of its leaders ahead of the demonetisation of currency notes of higher denominations.

Modi has said that the demonetisation will act as a deterrent against the corrupt and help the country's economy in the long run, and sought 50 days to ease the cash crunch situation arising out of the move. Endit