Demonetisation: Note ban will lead to national disaster, says AK Antony

Former Defence minister AK Antony today said that demonetisation would lead the country towards a national disaster and that Prime Minister Narendra Modi does not deserve a pardon.

He was addressing party leaders and workers at Jantar Mantar, who are protesting the alleged bias against the co-operative banking sector post demonetisation.

"India as a whole is moving toward a national disaster due to the decision taken by Narendra Modi. This has given a chance to black money holders to convert it into white. Modi doesn't deserve forgiveness," Antony said.

He also accused the Centre of trying to strangulate the co-operative and the agriculture sectors in the state.

AICC general secretary Mukul Wasnik, who was also present at the protest venue, said, "People must punish the Prime Minister in a democratic manner."

Opposition leader in the Kerala Assembly, Ramesh Chennithala, said the state is heading toward a financial disaster as non-resident Keralites (NRKs) feel that their money in co-operative banks is not safe.

UDF leaders from the state including NK Premachandran, PK Kunhalikutty and other prominent Congress leaders also participated in the protest.

--PTI