New Delhi: A plea has been lodged with the Supreme Court requesting for a court-monitored investigation by a Special Investigation Team (SIT) into suspected exchanges of favors between political entities, companies, and officers of investigative our bodies via electoral bond donations. The apex courtroom’s five-judge structure bench invalidated the Centre’s electoral bonds program for nameless political funding on February 15.
The request, submitted by lawyer Prashant Bhushan, has sought route from the authorities to research the supply of funding of “shell firms and loss-making firms” to varied political events, made public via electoral bond information.
It asks the authorities to reclaim the funds from political events in the event that they have been given as a part of “quid professional quo preparations” particularly if it is found that the cash was obtained illegally.
Following a high courtroom order, the State Bank of India, the designated vendor of electoral bonds, offered the information to the Election Commission, which subsequently launched it to the general public. The electoral bonds initiative, launched by the federal government on January 2, 2018, was offered as an alternative choice to money donations to political events, aiming to boost transparency in political funding.
The electoral bonds scheme, which was notified by the federal government on January 2, 2018, was pitched as a substitute for money donations made to political events as a part of its efforts to carry transparency in political funding.
