Rajan planted New Strategies in the financial system that will explode in December

Firing yet another salvo at RBI Governor Raghuram Rajan, BJP MP Subramanian Swamy Thursday alleged that the former IMF chief economist had planted “a time bomb” in the Indian financial system that will explode in December.

Swamy, who had last month written twice to Prime Minister Narendra Modi seeking ouster of Rajan for keeping interest rate high, took to Twitter to criticise the Governor.

“R3 (Raghuram Rajan) planted a time bomb in our financial system in 2013. It is timed for December 2016. The redeemable USD 24 billion in f.E. To be paid out by banks,” he tweeted.

He did not specify further. The ‘f.E’ in the tweet apparently refers to foreign exchange.

There was no immediate response to the query sent to RBI spokesperson Alpana Killawala in this regard.

On May 26, Swamy had levelled six allegations against Rajan, including that of sending confidential and sensitive financial information around the world, and asked the Prime Minister to sack him immediately.

Prior to that, Swamy had claimed that Rajan was “mentally not fully Indian” and alleged that he has “wilfully” wrecked the economy.

On Swamy’s earlier comment, Rajan yesterday said, “There are certain allegations which are fundamentally wrong and baseless and addressing them would amount to giving them legitimacy.”

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2016-06-09

 

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