Glory short-lived- Surat businessman story surrendering Rs 6,000 crore a hoax


News circles abuzz with rumours that a Surat-based businessman had surrendered Rs.6,000 crore in cash.

Written by: Vikas
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Surat, Nov 15: With banned currency notes being found in drains and rivers making headlines on a regular basis, news circles were abuzz with rumours that a Surat-based businessman had surrendered Rs.6,000 crore in cash.

The individual was referred to as a diamond merchant, who is said to be known for his charitable and philanthropy works.

Currency Notes

Now, whether the said individual exists or is he just a figment of imagination is something yet to be ascertained.

Prime Minister Narendra Modi, had on November 8, announced that all Rs 500 and Rs 1,000 rupee notes would cease to be valid in all forms of transactions in a bid to tackle hoarding of black money, corruption and terror financing.

The government's move has become a major inconvenience to the people, who have been queuing in front of banks and ATMs for lower denomination notes. The move has had a major impact on cash based businesses as well.

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