Prime Minister Narendra Modi's brainchild initiative of demonetisation has become a "failure" as is evident from the seizure of a huge pile of cash from a UP businessman's residence, AIMIM chief Asaduddin Owaisi said today.
"You should ask the Prime Minister how so much cash was found despite the demonetisation. Pradhan Mantri ji, demonetization has become a failure," he told reporters.
In multiple raids by the Income Tax department and the Central Board of Indirect Taxes, and Customs, around Rs 257 crore in cash, 25 kg of gold, and 250 kg of silver were seized from perfume trader Piyush Jain's house in Kanpur, as well as from his house and factory in UP's Kannauj.
Asaduddin Owaisi demanded that the government clearly state to whom the money belongs.
"The fragrance (of cash seizure) is spreading across the world," he added, demanding that the Prime Minister accept that demonetization was a failure since only poor people and small-scale industries have suffered.
"I am appealing to the Prime Minister to accept on record that demonetisation is a failure," he said.
Big Cat Exchange: Madhya Pradesh To Give 2 Tigers, Get 2 Lions From Gujarat Indian Businessman Ravi Pillai Receives Bahrain's Topmost Award Ministry Of Education Hiring Chairman Of National Institute Of Open Schooling Devendra Fadnavis Keeps Home, Eknath Shinde Gets 3 Maharashtra Ministries Parents On Mumbai Ferry Wanted To Toss Children In Sea. Rescuers Stopped Them Man Accidentally Drops iPhone In Temple Box. Why He Won't Get It Back First Grief, Then A Political Tone Over Germany's Christmas Market Attack Allu Arjun Attended Movie Screening Despite Cops Saying No: Revanth Reddy Trump Picks Mark Burnett, 'Apprentice' Producer, As Special Envoy To UK Track Latest News Live on NDTV.com and get news updates from India and around the world.