Note ban will lead country to 'national disaster': AK Antony

Former Defence minister A K Antony on Wednesday said demonetization would lead the country toward a national disaster and that Prime Minister Narendra Modi does not deserve a pardon.

He was addressing the leaders and workers of the party at Jantar Mantar who are protesting the alleged bias against the co-operative banking sector post demonetization.

"India as a whole is moving toward a national disaster due to the decision taken by Narendra Modi. This has given a chance to black money holders to convert it into white. Modi doesn't deserve forgiveness," Antony said.

He also accused the Centre of trying to strangulate the co-operative and the agriculture sectors in the state.

AICC general secretary Mukul Wasnik, who was also present at the protest venue, said "people must punish the Prime Minister in a democratic manner".

Opposition leader in the Kerala Assembly, Ramesh Chennithala, said the state is heading toward a financial disaster as the non-resident Keralites (NRKs) feel that their money in co operative banks is not safe.

UDF leaders from the state including N K Premachandran, P K Kunhalikutty and other prominent Congress leaders also participated in the protest.