Demonetisation has hit India pretty hard. When people have been waiting in serpentile queues outside banks and ATMs, many black money holders have tried to misuse this situation to exchange their illegal notes. Shockingly, several banks are also involved in these cases. Therefore, to crack down the illegal activities with the currency, the Central government has appointed several agencies like Income Tax, Enforcement Directorate, Central Bureau of Investigation and others.

 

Post the currency ban, IT, ED, CBI and other government agencies have raided in many cities across the county and have seized around ₹ 3000 crores so far. In this amount Karnataka’s share is ₹ 600 crores i.e. 20% of total illegal money are in Karnataka.

 

Bengaluru has proved to be the most corrupt city in the nation. But state wise Karnataka stands in the second place in South India.

 

More than 50% of the total seized amount has been confiscated from Bengaluru itself. So far IT, ED and other government organizations have carried out 48 raids and a whopping 28 cases have been filed in Bengaluru alone.

 

IT sources say that 2,47,000 crores of illegal transactions have happened in Karnataka in the last 6 years. These statistics may change by the end of this year.