Pattern of Electoral Bond Funding Exposed

Date: 
Friday, March 15, 2024

The Polit Bureau of the CPI(M) welcomes the further direction of the Supreme Court to the State Bank of India for making the alphanumeric code of electoral bonds available towards disclosure of contributor – recipient identity. This underlines the fact that there are efforts to undermine the verdict of the Supreme Court on making funding to political parties more transparent for citizens. 

Since the available data has been uploaded by the Election Commission on its website yesterday, efforts are on to analyze the data and it may take some time for the full impact to be understood. However, even the preliminary analysis shows instances of both quid pro quo and using agencies like the ED to forcibly extort funds from corporates through bonds.

The CPI(M) urges all political parties, groups and people interested in the future of democracy to protest and resist such brazen attempts at subverting electoral democracy.