NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Politics News / Don't deposit money, bankers will steal it: Jharkhand CM Soren
    Next Article
    Don't deposit money, bankers will steal it: Jharkhand CM Soren
    Jharkhand Chief Minister Hemant Soren sparks controversy while addressing a public rally in Ramgarh district

    Don't deposit money, bankers will steal it: Jharkhand CM Soren

    By Chanshimla Varah
    Feb 27, 2023
    05:08 pm

    What's the story

    Jharkhand CM Hemant Soren has ruffled some feathers yet again with his latest controversial remarks.

    Addressing a public meeting in Ramgarh on Friday, he advised tribals and the poor to keep their money in sacks, plastic bags, and boxes and bury them underground rather than depositing it in banks.

    Soren was campaigning for Jharkhand Mukti Morcha (JMM) candidate Bajrang Mahto ahead of Ramgarh's bypolls.

    Context

    Why does this story matter?

    Hemant's remarks allude to the ongoing Adani Group scandal, in which the conglomerate has been accused of misappropriating public funds and laundering money with political backing.

    Since the alleged exposé by the United States-based short-seller Hindenburg Research, the opposition has called for action against the Gautam Adani-led conglomerate, citing the exposure of the government-owned Life Insurance Corporation (LIC) and State Bank of India (SBI).

    Remarks

    What exactly did Soren say? 

    "From the very beginning, I have told farmers and laborers that you should not deposit your money in the bank because the banks are continuously running into losses," Soren said, targeting PM Narendra Modi's government.

    "Fill the money in plastic and bury it in the ground, but don't keep it in the bank. Never know when the bankers will run away with your money."

    BJP responds 

    Under Soren's rule, illegal sand, coal mining rampant: BJP

    Following Soren's controversial remarks, the Bharatiya Janata Party (BJP) hit back at the chief minister.

    Speaking to CNN-News18, former Jharkhand CM Raghubar Das said, "Since the Hemant government has come to power, there is a loot in land resources, natural resources and 'Jal Jungle Zameen.'"

    "Illegal sand and coal mining is rampant... Such remarks are unconstitutional from a chief minister," Das added.

    ED

    Soren summoned by ED in illegal mining case 

    As for the BJP's allegations of corruption against Soren, the Enforcement Directorate (ED), accused of being a pawn to the BJP, previously summoned Soren multiple times in an illegal mining case.

    Last year, the agency arrested Soren's aides, Pankaj Mishra, Bachhu Yadav, and Prem Prakash.

    The ED's chargesheet claimed that Mishra "controls" an illegal mining business in Soren's Assembly constituency (Barhait) through his associates.

    Proofs

    Cheques signed by Soren found at Mishra's residence: ED

    The ED further claimed to have recovered Soren's passbook and cheques signed by him from Mishra's residence.

    In the illegal mining case, the ED has allegedly identified proceeds of crime (POC) relating to the case worth over Rs. 1,000 crore.

    Soren is accused of extending a mining lease of a stone quarry to himself while holding public office in violation of the electoral law.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Hemant Soren
    Jharkhand
    Narendra Modi
    Enforcement Directorate (ED)

    Latest

    Tottenham's Kulusevski undergoes knee surgery ahead of Europa League final UEFA Europa League
    Rasmus Hojlund vs Dominic Solanke: Decoding their Europa League campaigns Rasmus Hojlund
    England's Archer, Curran and Overton won't feature in IPL remainder Jofra Archer
    Why is there 'Ban Turkey' campaign in India Recep Tayyip Erdoğan

    Hemant Soren

    Top priority is to develop 6 most-backward districts: Jharkhand CM Raghubar Das
    Union Minister Jayant Sinha garlands lynching convicts, invites sharp criticism Jharkhand
    Jharkhand CM announces Rs. 10L cash award for silver-medalist Madhumita India
    #JharkhandResults2019 : JMM-Congress-RJD alliance leading on 25, BJP on 29 Jharkhand

    Jharkhand

    2 convicted for Dhanbad judge's murder exactly a year after Central Bureau Of Investigation (CBI)
    3 Jharkhand Congress MLAs, caught with cash in vehicle, arrested Congress Party
    Congress MLA alleges Sarma wants to bring down Jharkhand government Guwahati
    Lawyer fighting PIL against Jharkhand CM Soren arrested in Kolkata Kolkata

    Narendra Modi

    PM inaugurates Aero India-2023; says it reflects India's new strength Bengaluru
    Aiyyo Shraddha: The Instagram viral sensation who met PM Modi India
    PM Narendra Modi meets Kannada stars Yash, Rishab Shetty Kannada Films
    I-T Department conducts raids at BBC's Delhi, Mumbai offices: Report Central Government

    Enforcement Directorate (ED)

    Tihar Jail DG transferred for accepting money from conman Sukesh Tihar Jail
    ED arrests Mukhtar Ansari's son Abbas in money laundering case Mukhtar Ansari
    National Herald case: Gandhis in trouble, ED finds 'suspicious transactions' National Herald
    PILs for ED probe against Hemant Soren not maintainable: SC Supreme Court Of India
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025