Pictures of Karnataka politicians disbursing cash as ‘loan’ go viral

New Delhi: At a time when the entire country is buzzing about the demonetization decision by PM Modi and funny memes of Rs 500, 1,000 notes going viral, here comes another set of photos that has become the talking point in South India. A photograph from Karnataka’s Kolar showed Bangarpet MLA and Congress leader SN Narayan Swamy, district panchayat member Mahesh and bank president Byalahalli Govinda Gowda distributing currency notes to people in a queue.

MLA & other Politicians in Kolar, Karnataka distributed 3 lakhs per head as a Loan to poor farmers today in Rs 500 & Rs 1000. Unbelievable! pic.twitter.com/pmEMLfwISu

— Gautam Trivedi (@Gotham3) November 9, 2016

Kolar MLA, few politicians give money to people 3lacks per head as a loan. See how much criminals this politicians are. pic.twitter.com/VPSkCH8zFZ — AJ (@AJisLogical) November 9, 2016

How Kolar (#Karnataka) MLA found solution to his #BlackMoney????Gave cash-loan of 3L each to needy people????@narendramodi @RBI Is this allowed? pic.twitter.com/Z4NXg6PN9J

— #Intolerant भारतीय (@goyalsanjeev) November 9, 2016

@PMOIndia In Kolar MLAs giving loan 3 lakhs per head as loan.Not good work these notes to be exchanged in banks by borrowers pic.twitter.com/c46nh7kUoV — Lutyensclub (@Keefarqpaindha) November 9, 2016

In Kolar today morning MLA and few politicians have give money to people in a meeting 3laks per head as a https://t.co/0r5pQcp2FT tricks . pic.twitter.com/f9OyyFThn1

— Yashwanth P Naik (@YashwanthPNaik) November 9, 2016

When local police made an inquiry into it, they found that the disbursing event happened on Monday, a day before Modi announced the currency ban. The bank had organized the event to help self-help groups by lending money through such a public programmes. “The photograph went viral with a note saying that bank officials and politicians were giving away Rs 500 and Rs 1,000 notes in an attempt to convert black money into white money after the Indian Government demonetized these currencies,” TheNewsMinute reported.