rahulm wrote:Admission that's super tech had BM. Well, it's a real estate company so that's stating the obvious.
Don't they have a bank account to xfer funds ?
Arrest the promoters/owners, attach all their assets, freeze their bank accounts and throw them in jail. Make sure every news channel carries videos of the moment they area arrested and thrown in jail. Make an example of this company. It's seems to be be getting normal to disregard courts.
Yes, clearly the court did not require them to deposit in cash, the BM walas can use a cheque if they want. This is not even an excuse. No points for creativity here. Some public examples have to be made. But yes, courts are getting dis-regarded, with the Supreme court leading the charge and showing the world how to go about this.
Someone in a previous post mentioned that black money will not remain cash (within the context of a govt officials accepting bribes) and it will be converted to gold and benami property. The price of gold in India has come down after Nov. 9 and has generally stayed down (Nov 8th, there was a spike). So it seems like gold demand has fallen after DeMo started, and rupee is not converting to gold. http://mumbai.indiagoldrate.com/gold-ra ... 0-days.htm
In terms of property purchases, again, as I understand it, rates have fallen (or stayed unchanged at best). So the demand has not increased and so BM rupees are probably not being converted to property so far. One possibility is they want to hold on to their stash and make a purchase many months from now- which means they have to hold on to liquid cash for the near future and hide the rupees somewhere. I heard black rate for USD has gone up (no way to google for this, is there
), so may be that is being used a storehouse for rupees. And whoever is trying to store rupees in any manner (cash, gold, property) is probably going to have to plan for the next NaMo move- demonetize Rs. 2000, IT raids on homes hoarding cash or benami property. The noose will gradually get tighter and tighter-hopefully. Some public shaming of top offenders is needed for smaller fish and aam bribe-demanding janata to take heed. This is all in the right direction. However, as things go from black to white, at some point, GOI will have to address the issue of taxes, stamp duty etc. in quick order.