The day after demonetisation

Hyderabad, Feb 1 : Especially to speak about, we had known the fact - How far demonetisation had a great impact on ever-green running businesses. It may be clothing, Jewellery, machinery (or) it might be something else. Except essential commodities, all the businesses.

The day after Demonetisation, Gold price had hiked very much. Here is the major thing to draw the topic is .........

Nitin Gupta and Nikhil Gupta, siblings and directors of noted jewellery shop in the city - Musaddilal Jewellers private Limited - were arrested by Central Crime station (CCS) sleuths of Hyderabad on Tuesday.

The deputy Commissioner of police, Avinash Mohanty said the 2 siblings were operating the two firms

- M/s Musaddilal Gems and Jewellers Private Limited

and

- M/s Vaishnavi Bullion Private Limited -

in addition to - Musaddilal Jewellers private Limited -

A Criminal case was registered against them on the charge of creating fake payment receipts for nearly Rs.59 Cr on the day of announcement of demonetisation.

The receipts were assertedly acquired from 3,100 customers nearly. Advance payment receipts for nearly Rs. 40 Cr was created in the name of M/s Vaishnavi Bullion Pvt. Ltd. from nearly 2,100 customers, the DCP said.