"Height of organised loot" under UPA: Piyush Goyal

Power Minister Piyush Goyal today said it was the UPA government who did the "height of organised loot" and "mismanagement of economy" in allocation of coal blocks.

Pune, Nov 28: Lashing out at former Prime Minister Manmohan Singh for his criticism of demonetisation, Union Power Minister Piyush Goyal on Sunday said it was the UPA government who did the "height of organised loot" and "mismanagement of economy" in allocation of coal blocks.

Goyal delivered a speech on demonetisation and its future effects on Indian economy at a city-based college.

Singh had termed demonetisation a "monumental management failure" and "organised loot" during a debate on the issue in Parliament.

"If there was any height of organised loot and mismanagement of economy that had taken place, it had taken place during the allocation of coal block between 2006 and 2009 and if you read the files of coal allocation, you will come to know the magnitude of the scam as tremendous loot had taken place during the allocations and CAG, in their report, had mentioned of the loss of Rs 1,86,000 crore in these allocations," said Goyal.

He claimed that during the UPA government there was "competition over scams" like CWG, Adarsh, 2G, Augusta Westland.

"When we are now acting against black money and corruption, the same person, who was leading the then government, who was custodian of all the system and an economist, is calling this historical move an 'organise loot'," he said.

On the nation-wide protest called by Opposition tomorrow, he said any sane person in the country has understood that the people of the country have stood in the support of the decision.

"The people of this country have shown immense faith and trust in Modiji and despite bearing hardships, everybody is saying that Modiji has done a good job," he said.

There will be benefits in the long run as the move will help eradicate unemployment, poverty in the country and farmers, women, underprivileged and unorganised sector will be benefited, he said. Asked about the government's move against 'benami properties' he said in last three budgets, several moves were taken to fight against black money and corruption.

"In future, you will see more thrust on ease of business and ease of taxation," said Goyal.

PTI