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
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 until year-end to deposit old notes in their bank accounts, the government has said it will scrutinise large cash deposits and money with undeclared origins - and will tax or penalise depositors. That's created a scramble for ways to turn so-called black money, the local term for cash that has evaded taxation, into white.
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