Ex-Modi confidante: Top Ahmedabad tycoon knew of demonetization in advance, transferred black to white

By A Representative
Widely considered in Gujarat as Prime Minister Narendra Modi's one-time confidante, Yatin Oza, a senior Gujarat High Court advocate, has claimed, on the basis of “evidence” he has gathered, that Modi had leaked his decision to demonetize Rs 500 and 1000 notes to a top industrialist of Ahmedabad.
Refusing to name this industrialist, Oza says, in the morning of November 9, someone “very near and dear” to him inform him that on November 8 at around 12 in the afternoon, ours before Modi announced demonetization, wife of one of the leading industrialists of Ahmedabad in her presence reached "a very leading jewellery shop and as per pre-order purchased gold worth Rs 20 crore.”
In a Facebook post, well-known anti-Modi former IPS officer Sanjiv Bhatt has shared Oza's letter to Modi, which says, “Gold was ready and packed and it took two minutes to transfer gold and cash to each other”, adding, the lady who saw all this was “present at the shop, buying pre-ordered jewellery worth Rs 5 lakh”, and happens to be a “doctor of a very high repute and eminence.”
Pointing out that as a member of the “kitchen cabinet" of Modi as Gujarat minister, he knows Modi pretty well, Oza insists, this shows, “information of demonetization must have been conveyed well before announcement to your near and dear industrialist who in total controls 50% of black money of this country.”
Oza dares Modi to inquire the purchase of gold and diamonds sold on November 7 and 8 before 8 pm, the timing of the announcement of demonetization, and by whom, adding, this alone would “enable people to think as to why few top notch needed purchase of huge amount of gold and diamonds.”
Also considered by many as BJP president Amit Shah's mentor, Oza blames Shah's men in Ahmedabad for carrying out large-scale operation for converting black money into white. He claims that he is possession of “a video recording” that would “clearly and beyond reasonable doubt prove that all the near and close associates ofShah since November 8 are engaged into exchange business.”
“There is a big queue outside their office and residence for conversion of black money into white at a discounted rate of 37%; people have queued up outside their office and residence”, says Oza, adding, “One has to go without identity with at least a sum of Rs 1 crore which will be counted by the employees and a bag containing Rs 63 lakh of valid denomination would be handed over.”
After being with BJP for long, Oza joined Congress and fought against Modi from the Maninagar assembly constituency of Ahmedabad in the December 2002 elections. After remaining inactive for some years, he rejoined the BJP, and, more recently, he declared he had joined Arvind Kejriwal's Aam Aadmi Party.
Oza underlines, “I could have easily parted with that video, but as I know you will punish those standing in queue rather than booking those persons engaged in the business who are near and dear to Shah.”
Commenting on the ban imposed on district cooperative banks from carrying out transactions of Rs 500 and 1000 rupee notes, Oza says, “One who knows you would refuse to accept that the ban that you imposed on district co-operative banks yesterday (November 14) was after you received an information that large scale irregularities and illegalities were committed at that level.”
“One thing is certain that such an important aspect could not have been out of your mind”, Oza says, “I for one knows very well that you will not act unless a complete blue print of your action is in your mind.”
Pointing out that in Gujarat “all district co-operative banks are controlled by people committed to BJP”, Oza says, “These banks right from 9 pm on November 8 till 5 am on November 9 exchanged Rs 500 and Rs1000 currency notes against smaller denomination.”

Comments

Unknown said…

All those people that have grudge against Modi for not pampering them and themselves being part of conspiracy have been spreading all sorts of rumors. All these people have gathered lot of black money and are involved in nefarious activities and attacking Modi to divert attention. We have enough proof against them.

November 18, 2016

From plagiarism to proxy exams: Galgotias and systemic failure in education

By Sandeep Pandey* Shock is being expressed at Galgotias University being found presenting a Chinese-made robotic dog and a South Korean-made soccer-playing drone as its own creations at the recently held India AI Impact Summit 2026, a global event in New Delhi. Earlier, a UGC-listed journal had published a paper from the university titled “Corona Virus Killed by Sound Vibrations Produced by Thali or Ghanti: A Potential Hypothesis,” which became the subject of widespread ridicule. Following the robotic dog controversy coming to light, the university has withdrawn the paper. These incidents are symptoms of deeper problems afflicting the Indian education system in general. Galgotias merely bit off more than it could chew.

Covishield controversy: How India ignored a warning voice during the pandemic

Dr Amitav Banerjee, MD * It is a matter of pride for us that a person of Indian origin, presently Director of National Institute of Health, USA, is poised to take over one of the most powerful roles in public health. Professor Jay Bhattacharya, an Indian origin physician and a health economist, from Stanford University, USA, will be assuming the appointment of acting head of the Centre for Disease Control and Prevention (CDC), USA. Bhattacharya would be leading two apex institutions in the field of public health which not only shape American health policies but act as bellwether globally.

The 'glass cliff' at Galgotias: How a university’s AI crisis became a gendered blame game

By Mohd. Ziyaullah Khan* “She was not aware of the technical origins of the product and in her enthusiasm of being on camera, gave factually incorrect information.” These were the words used in the official press release by Galgotias University following the controversy at the AI Impact Summit in Delhi. The statement came across as defensive, petty, and deeply insensitive.

Growth without justice: The politics of wealth and the economics of hunger

By Vikas Meshram* In modern history, few periods have displayed such a grotesque and contradictory picture of wealth as the present. On one side, a handful of individuals accumulate in a single year more wealth than the annual income of entire nations. On the other, nearly every fourth person in the world goes to bed hungry or half-fed.

Thali, COVID and academic credibility: All about the 2020 'pseudoscientific' Galgotias paper

By Jag Jivan The first page image of the paper "Corona Virus Killed by Sound Vibrations Produced by Thali or Ghanti: A Potential Hypothesis" published in the Journal of Molecular Pharmaceuticals and Regulatory Affairs , Vol. 2, Issue 2 (2020), has gone viral on social media in the wake of the controversy surrounding a Chinese robot presented by the Galgotias University as its original product at the just-concluded AI summit in Delhi . The resurfacing of the 2020 publication, authored by Dharmendra Kumar , Galgotias University, has reignited debate over academic standards and scientific credibility.

Conversion laws and national identity: A Jesuit response response to the Hindutva narrative

By Rajiv Shah A recent book, " Luminous Footprints: The Christian Impact on India ", authored by two Jesuit scholars, Dr. Lancy Lobo and Dr. Denzil Fernandes , seeks to counter the current dominant narrative on Indian Christians , which equates evangelisation with conversion, and education, health and the social services provided by Christians as meant to lure -- even force -- vulnerable sections into Christianity.

'Serious violation of international law': US pressure on Mexico to stop oil shipments to Cuba

By Vijay Prashad In January 2026, US President Donald Trump declared Cuba to be an “unusual and extraordinary threat” to US security—a designation that allows the United States government to use sweeping economic restrictions traditionally reserved for national security adversaries. The US blockade against Cuba began in the 1960s, right after the Cuban Revolution of 1959 but has tightened over the years. Without any mandate from the United Nations Security Council—which permits sanctions under strict conditions—the United States has operated an illegal, unilateral blockade that tries to force countries from around the world to stop doing basic commerce with Cuba. The new restrictions focus on oil. The United States government has threatened tariffs and sanctions on any country that sells or transports oil to Cuba.

Development at what cost? The budget's blind spot for the environment

By Raj Kumar Sinha* The historical ills in the relationship between capital and the environment have now manifested in areas commonly referred to as the "environmental crisis." This includes global warming, the destruction of the ozone layer, the devastation of tropical forests, mass mortality of fish, species extinction, loss of biodiversity, poison seeping into the atmosphere and food, desertification, shrinking water supplies, lack of clean water, and radioactive pollution.

Big promises, limited delivery? Rekha Gupta's first year as Delhi CM

By Mohd. Ziyaullah Khan* Delhi has witnessed women at the helm before, each leaving behind a distinct political and administrative imprint on the national capital. From diplomacy to development, the city's past female chief ministers shaped governance in their own ways. As Rekha Gupta completes one year in office, the question arises: has her tenure lived up to her ambitious promises? After her first year, Gupta appears to have made tall claims but delivered little since taking the oath of office. Despite coming from a background in student politics, her report card as Delhi chief minister is far from impressive. She seems to understand the nuances of politics, yet she is often seen generating considerable buzz without substantial delivery on the ground.

Search This Blog