Stepping up the opposition tirade against demonetisation, former Prime Minister Manmohan Singh today castigated the government and the Prime Minister over the move, saying its implementation was a “monumental management failure” and a case of “organised loot and legalised plunder.” 

Singh, who spoke in the presence of Prime Minister Narendra Modi in Rajya Sabha, said the decision will result in decline of GDP by 2 per cent, it being an “under-estimate”.

Here’s the full video of the speech: