INR 10,000 Crores was declared by Hyderabad individual in Black Money Scheme

AP CM N.Chandrababu Naidu declared that out of the INR 13,000 Crores of black money declared in Hyderabad under a recent income disclosure scheme INR 10,000 Crores belonged to a single individual, this is apparent hint towards his political rivals. Chief Minister also demanded immediate repeal of currency notes of INR 1,000 and INR 500 denominations to control black money. Total amount of INR 65,000 Crores disclosed across the country, INR 13,000 Crores was declared from Hyderabad and out of it INR 10,000 Crores by a single individual. As per law we can't know the person.

Noting that politics has become a 'shelter' for corrupt people and black money earners, some people who are in politics are misusing the people's mandate, chief minister said. The chief minister said once these currency notes are repealed, it would also put an end to buying of votes.