| 6- August-1996 | SC asks Harshad Mehta to pay Rs. 217 crore to I.T. department. |
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| 9- August-1996 | Unofficial estimates put black money in the country at Rs. 70,000 crore, i.e. 6\% of GDP. |
| 16- August-1996 | CBI raids house of former minister Sukh Ram and finds cash and jewellery to the tune of Rs. 3 crore. |
| 17- August-1996 | CBI seizes another Rs. 65 lakhs from Sukh Ram's residence. |