The Supreme Court will hear a petition on July 22 seeking a Special Investigation Team (SIT) probe into alleged transactions between political parties, corporates, and officials through electoral bonds. The petition, filed by NGO Common Cause, alleges a multi-crore scam in election donations made through electoral bonds and seeks a court-supervised SIT investigation.
The petition claims that data on electoral bonds issued reveals most corporates donated to political parties for profit or to avoid action by central investigating agencies. It also alleges that fake and loss-making companies donated to political parties, which should be recovered from the parties.
Also Read: Supreme Court Rejects Bail Plea Of Bilkis Bano Case Convicts
The Supreme Court had earlier struck down the Electoral Bond Scheme in February, deeming it unconstitutional for allowing anonymous political donations. The scheme, launched by the NDA government, violated voters’ right to information under Article 19(1)(A) of the Constitution.
Following the court’s order, the State Bank of India (SBI) submitted details of electoral bond transactions to the Election Commission, revealing the unique numbers of the bonds and the political parties that encashed them. The affidavit filed by the SBI Chairman on March 21 brought to light the details of bond buyers, including serial numbers, dates of purchase, bond numbers, values, issuing branches, and recipients.
The hearing on July 22 expect to shed more light on the allege scam and the need for a comprehensive investigation.
The Yogi Adityanath administration has launched a tree-planting campaign to make Prayagraj environmentally sustainable for…
Singh noted that, over seven years, police encounters have killed 197 criminals and injured 6,329.…
The Election Commission of India endorsed the appointment of Sanjay Kumar Verma as the new…
Devotees at Mathura's Banke Bihari temple gathered to collect water dripping from a sculpted elephant,…
A nine-judge SC bench ruled that the State cannot indiscriminately seize private property for redistribution…
Junior doctors in WB protested Tuesday over alleged flaws in the CBI chargesheet on their…