New Delhi: Former Chief Election Commissioner O P Rawat on Monday said that demonetisation had no impact on black money, adding that the poll panel seized more money this time as compared to elections in previous years. Also Read - Rs 2,000 Notes Not Printed in Last 2 Years! Here's What Govt Said About The Rs 2,000 Currency Notes
“After demonetisation it was thought that misuse of money during election will be brought down. But it couldn’t be proved on basis of the data of the seizures.Compared to previous elections, there were more seizures in the same states,” ANI quoted Rawat as saying. Also Read - IT Department Detects Rs 220 Crore in Black Money After Raids on Chennai-Based Tiles Company
Rawat’s statement comes two days after he demitted the office of the Chief Election Commissioner and was succeeded by Sunil Arora. Also Read - ED Attaches Rs 130 Crore Assets of Hyderabad-based Musaddilal Jewellers & Others in Demonetisation Case
In an interview to Indian Express, Rawat cited the Election Commission’s decision to replace Mizoram Chief Electoral Officer SB Shashank following a protest in the state as a “big example of how big campaigns can turn the tables, even if there is no fault of yours”.
Earlier, Rawat had said that a plan to cap expenditure on election campaigning would see “the light of day in time to come”.
Only days earlier, former Chief Economic Advisor Arvind Subramanian had also reportedly harshly criticised the November 2016 demonetisation move of Modi government calling it ” a massive, draconian, monetary shock.”
Sixteen states have held elections — or will soon hold them — since the note ban came into effect in November 2016.