Will the donations received by political parties through electoral bonds be confiscated? The matter again reached the Supreme Court

Ananya Shroff
2 Min Read

New Delhi: A petition has been filed in the Supreme Court seeking direction to political parties to confiscate the money received under the Electoral Bond Scheme of 2018, which was struck down by the apex court in February. The petition filed by petitioner Khem Singh Bhati said that on February 15, in the case of Association for Democratic Reforms vs Union of India, the Supreme Court had struck down the Electoral Bond Scheme as it was violative of Articles 14 and 19 of the Constitution. It said that this court had directed the State Bank of India (SBI) not to issue electoral bonds from the date of the judgment and to provide details of electoral bonds purchased from April 12, 2019 to the date of the judgment.

The petition states that the money received by political parties through electoral bonds is neither a donation nor a voluntary contribution. The petition alleges that it is a bribe money received from various corporate houses to provide undue benefits at the cost of the government exchequer.

The plea, prepared by senior advocate Vijay Hansaria and filed through advocate Jayesh K Unnikrishnan, claimed that the details of purchase and encashment of electoral bonds clearly show that the money paid by companies to political parties by way of electoral bonds was either to avoid criminal prosecution or to obtain monetary benefits by way of contracts or other policy matters.

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