Naidu Knew About Demonetization: Jaganmohan Reddy

Leader Of Opposition in the Andhra Pradesh Legislative Assembly Y S Jaganmohan Reddy alleged that Chief Minister N Chandrababu Naidu had prior knowledge of Prime Minister Narendra Modi's move to demonetize the 500 and 1,000 currency bills.

Jaganmohan claimed that Naidu was privy to the move to demonetize the notes since the latter was an ally of the BJP both at the Centre and the State, and accordingly took the required measures to safeguard his unaccountable money.

Commenting on the merits of the move, the YSR Congress leader said that the intention behind banning the notes probably was good, but its implementation was inefficient, as a result of which the general public had to face several hardships. The move did not affect the corrupt as much as expected, he claimed.

Defending the role of the Opposition parties in raising its voice on the issue, the YSR Congress supremo pointed out that it was the responsibility of the Opposition leaders to take up the issue at various levels in support of the common man who has been worst hit due to the sudden cash crunch.