“This is not all,” Bora said, and added: “RBI further says that 99 per cent of the banned 500-rupee and 1000-rupee notes were deposited to banks. The 1 per cent banned notes not deposited to banks amounts to Rs 16,000 crore against Rs 21,000 crore spent by the government for demonetization, including minting of new currency notes. The government had to suffer Rs 5,000-crore loss in the demonetization exercise. The exercise was anti-tiol and scandalous. In post-demonetization, our economy has suffered setbacks – GDP comes down by two per cent.”