Fake Currency Black Money Like Jarasandha: Opposing the petitions challenging the 2016 demonetisation, the Center told the Supreme Court that 'fake notes, terrorism financing and black money' are the three evils. This is like Jarasandh who should be cut into pieces.
Attorney General R Venkataramani, appearing for the Centre, told a five-judge constitution bench headed by Justice SA Nazeer that the government was determined to remove these three evils.
Venkataramani said, "They (the petitioners) have said that we should have studied before demonetisation. For more than a decade, the central government and the Reserve Bank of India are looking at three problems (counterfeit notes, terror financing, black money) They are like Jarasandha. You have to break it into pieces. If you don't break it, it will always exist."