With the Narendra Modi government demonetising 500 and 1000 rupee notes, black money hoarders are exploring all possible options to convert their banned currency into white.
Cashing on their urgency to convert black money into white, several brokers and agents have surfaced from nowhere to help such big people.
All these agents have their own links with bank managements and even Reserve Bank of India so that they could use their influence to get the conversion of black money into white.
Of course, they do it for a big percentage of commission; and the black money hoarders are ready to pay this commission.
One such agent is said to be an actress, who later became wife of an out-of-circulation Telugu hero. It is learnt she has wide connections with several banks and using her links, she has donned the role of a money broker, offering to help conversion of black money into white. However, she is charging as much as 35 per cent commission for it.
It is learnt she has helped several film industry bigwigs and made huge money in the last one week. And yes, she is accepting the commission only in cash and only in new denominations!
