Monday, May 20

ECI Releases Electoral Bonds Data; BJP Received ₹ 6,061 Cr

Edited by Dileep Kumar S

After the directive from the Supreme Court, the Election Commission of India (ECI) has released the electoral bonds data as provided by the State Bank of India (SBI) on March 12, 2024. The data has been uploaded by the ECI on its website as received from SBI. After uploading the data, the election regulator said it has consistently and categorically weighed in favour of disclosure and transparency.

As it was anticipated the SBI has shared only two sets of data; one file carrying the name of the purchaser of the electoral bonds, date and denomination of the bonds, and another file has the names of the political parties, date and denomination of bonds encashed. This data does not give any possibility for matching who bought from whom.

Meanwhile, the ECI has moved the Supreme Court seeking copies of the sealed cover documents (electoral bonds) submitted to the top court during the court proceedings to be uploaded on its website.

As it was reported earlier, BJP has received Rs Rs 6061 crores after encashing the now scrapped scheme that, according to the government, was brought in for transparency in electoral funding. Trinamool Congress has received Rs 1610 croes and Congress Rs 1422 crores.

The biggest buyers among companies of electoral bond was Future Gaming and Hotel Services and Megha Engineering and Infrastructures Ltd.

Electoral Bonds bought by Companies In India

Electoral Bonds Bought by C… by timelinedailyofficial

 

Electoral Bonds Encashed by Political Parties in India

Electoral Bonds Encashed by Political Parties in India by timelinedailyofficial on Scribd

The Supreme Court had on February 15 struck down the electoral bond scheme, after saying that the electoral bonds are violative to the Right to Information and Right to Freedom of Speech and Expression and need to be struck down as unconstitutional.

After that, on March 11, rejecting the SBI plea for an extension to disclose details of the electoral bonds scheme, the Supreme Court mandated that the bank must share all information with the ECI by March 12. In a stern warning, the court conveyed its readiness to initiate contempt proceedings against the government-run bank if it fails to comply with the directive by the specified deadline. The court also directed the bank to file an affidavit after compliance.