Jairam Ramesh, a Congress politician, claims the BJP received 60% of the electoral bonds
Just one day after the Election Commission revealed the electoral bonds data shared by the State Bank of India (SBI) in compliance with the Supreme Court’s orders, Jairam Ramesh, the general secretary of the Congress and the person in charge of communications, claimed that 60% of the electoral bonds had been directed towards the Bharatiya Janata Party (BJP) during the ongoing Bharat Jodo Nyay Yatra in Maharashtra.
“I have analyzed it (electoral bonds),” Ramesh said to ANI.The study demonstrates the improper usage of electoral bonds. The BJP received sixty percent of the electoral bonds. Through my study, I have shown how the income tax, CBI, and ED have all been abused.”
Contracts and other projects were given to those who contributed. The Congress MP said, “It’s a coordinated plot,” to the news organization.
According to data from the Election Commission, the scheme helped a number of important political parties, including the Congress, BJP, Trinamool Congress, and others, according to ANI.
As to the research, Finolex Cables Ltd, Lakshmi Niwas Mittal, Edelweiss Housing Finance Ltd, Future Gaming and Hotel Services, and Megha Engineering and Infrastructures Ltd were some of the leading contributors to political parties.
The SBI’s data, which covered bonds bought and redeemed between April 12, 2019, and February 15, 2024, was made public by the Electoral Commission. The report further said that SBI reported that 22,217 bonds were bought during this period.
Promissory notes, or bearer bonds, are other names for electoral bonds, which were created to generate money for political parties. They may be bought by individuals, companies, corporations, or groups of people as long as they were Indian nationals or had their incorporation or establishment in India.
According to the ANI report, the information was made public in response to many petitions that the Supreme Court received that opposed changes made by the Finance Acts of 2016 and 2017, which raised concerns about unrestricted and limitless fundraising for political parties.
