Prajashakthi Paper Under Scanner for 127 Crore Cash Exchange

Communists owned Prajashakthi Newspaper is under the scanner for depositing Old Notes to the tune of 127.71 Crore during the Demonetization and later withdrew the same amount of cash. The Center is looking into the issue.

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All the companies which have deposited more than 100 Crore of Old Notes are under Center’s radar and are being faced investigation. Prajashakthi Newspaper is run by Communists and claim to stand by the poor and marginalized.

But this incident says otherwise. There are doubts that the company accounts were used to save the cash of some individuals during the Demonetization. Or else, there is no way the debt-ridden company can not afford to deposit such a huge amount.