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Congress leader Rahul Gandhi launched a scathing attack on the Centre’s electoral bond scheme, labeling it as the “biggest scam in Indian history.” His remarks came in response to the Supreme Court’s directive to the State Bank of India (SBI) to disclose details of donors and redeemed bonds by political parties by tomorrow.
Taking a dig at Prime Minister Modi following the court’s order, Gandhi asserted that the PM’s ‘donation business’ is on the verge of being exposed. In a social media post, he stated, “Narendra Modi’s ‘donation business’ is about to be exposed! The government that came to power by promising to bring back black money from Swiss banks in 100 days, stood on its head in the Supreme Court for hiding the data of its own bank.”
Gandhi further predicted that the electoral bond scheme would unravel the nexus between corrupt industrialists and the government, ultimately revealing the true face of Narendra Modi to the nation.
Highlighting the alleged modus operandi, he remarked, “The chronology is clear – Donate-Take business, Donate-Take Protection! Shower of blessings on those who donate and tax burden on the general public, this is the Modi government of BJP.”
The Supreme Court, dismissing SBI’s plea seeking an extension of time and contempt plea against the bank, ordered the bank to share all necessary details by tomorrow’s business hours. Additionally, the apex court warned of contempt proceedings against SBI if the information on electoral bonds is not furnished by the specified deadline. It further mandated that all data shared by SBI should be available on the Election Commission’s official portal by March 15.
This development follows a landmark decision on February 15, 2024, where a five-judge panel of the Supreme Court declared the electoral bond scheme unconstitutional. The scheme, criticized for enabling unrestricted anonymous funding of political parties, was seen as bolstering the influence of large sums of money in Indian politics. As part of the ruling, the issuance of electoral bonds was halted, and SBI was instructed to disclose pertinent information to ensure transparency and accountability within 21 days.
