Black turns white in shady conversion deals at Kerala

KOZHIKODE: An intense drive against black money might be taking place across the country since demonetisation. But the shadow economy is far from being wiped out.
The arrest of three youths on Friday from Koduvally, Kozhikode, revealed the still strong presence of sub rosa deals, helping black money hoarders to convert the demonetised Rs 500 and Rs 1,000 currencies into new notes.
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