LIE: Today, after three years, I want to tell the countrymen proudly that we have confiscated black money worth Rs.1.25 lakh crores


Modi Lies / Tuesday, August 15th, 2017

The PM has ignored a very basic fact in staking this claim. Unearthing black money and recovering it are two different things. Of the Rs. 1.25 lakh crores he speaks of, approximately 1.23 lakh crore is undisclosed income which has been admitted. Not all undisclosed income is black money. Second, not all income which has been counted for as black money has been recovered. In fact, going by Modi logic, UPA in its last two years unearthed Rs 1.32 lakh crore of money which is much more than what Modi did in his first 2.5 years. Demonetization clearly did not help.

Read more here: https://scroll.in/article/847327/fact-check-what-modi-said-about-demonetisation-in-his-i-day-speech-and-what-the-data-shows

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