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Planeloads of cash to turn India's black money white

Underground laundering networks are spreading all over, with agents using creative means to deliver clean notes
Tuesday, December 6, 2016 - 05:50

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The rise of illicit networks illustrates the challenge Mr Modi faces in trying to stamp out entrenched corruption in a country where cash accounts for 98% of transactions - and raises the prospect that he'll pay a steep price for a move that threw India into chaos.

Mumbai

AS Indians struggle with the chaos caused by last month's sudden banning of their 500 and 1,000 rupee notes, money-laundering networks are spreading across the country, seizing on a new market in helping people turn their cash hoards into legal tender.

While people have

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