Mukesh Ambani backs demonetisation, applauds PM Modi for his bold & historic decision

New Delhi: Reliance Industries Chairman Mukesh Ambani on Thursday backed PM Modi’s decision of demonetization of 500 and 1,000 rupee notes. During a Reliance event, Ambani said, "with this historic and bold step he has given strongest possible push to digitally enabled economy."

After the decision to ban high-value currency notes on November 8, the Centre has been facing severe allegations from Opposition leaders that “industrialists Amabni and Adani were aware of the move, much ahead of the announcement.” Bhawani Singh Rajawat, the BJP MLA from Ladpura in Rajasthan's Kota district, in a video last month, said that the top businessmen had made arrangements to sort out their black money because they were made aware of the move, much ahead of the announcement. "Adani, Ambani atram-satram in sab ko pehle hi pata thha. Inko hint de diya gaya. Unhone apna kar liya (Adani, Ambani and others knew it beforehand. They had been given a hint and they made arrangements accordingly)," Rajawat purportedly said in the video. Several online messages have gone viral on social media claiming that Urjit Patel, 53, was appointed as the RBI governor so that Ambani can have reachable hands to the apex bank. Rumours implied that the industrialist knew in advance about PM Modi’s move of demonetisation because of Patel. (READ MORE)