Bharat Express

Electoral bonds

The petition also said that data disclosed on electoral bonds indicates that at least 20 companies purchased electoral bonds worth more than Rs 100 crore within three years of their incorporation even when the companies were only a few months old.

SC petition alleges that corporate entities donated to evade scrutiny by Central Government agencies and secure government contracts or licenses.

Uddhav Thackeray highlighted that several leaders whom BJP had earlier accused of corruption joined the party recently.

SBI submitted the above information to the Election Commission one and a half hour before the Supreme Court's deadline.

SC has issued a directive to the State Bank of India (SBI), emphasizing the importance of full disclosure regarding electoral bonds.

The information is included in the data dump that the Election Commission released on the orders of the Supreme Court, which includes information on 523 recognized and unrecognized political parties.

The data obtained from political parties was deposited at the Supreme Court without the opening of sealed covers.

The data that listed every company—from well-known large corporations to obscure startups—that purchased electoral bonds in order to make donations to political parties.

The electoral bond details provided by the SBI are scheduled to be uploaded by the Election Commission on March 15.

The SBI submitted a compliance affidavit in the electoral bonds case on Wednesday, following its submission of all electoral bond details to the Election Commission as directed by the SC.