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New way to convert black to white in Vizag!

Kool_SRG

By Kool_SRG
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Kool_SRG

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Vizag: Ever since the high denomination notes have been banned, fever and fear gripped those who have been stashing the black money. These people have been looking out for ways and means to convert the black money to white and lower the impact of damage caused by the ban.

 

It is learnt that in Vizag alone big people have formed a nexus and got details of people who sourced loans from public sector banks for various reasons and the amount turned out to be close to 30 crores. Now the black money hoarders are entering into deals with the loan borrowers giving them to settle their respective loan dues. The borrower is given an exemption of 10 to 15k per lakh. In return the loan seeker will take a note from the borrower.

 

Foolish people are not knowing that IT has set its hawk on all such dealings and they will be brought to books!
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