Electoral bond scheme ‘murky waters’ from political donations: Congress

The Congress on Wednesday cited a media report claiming that at least 20 newly incorporated companies had purchased electoral bonds worth around Rs 103 crore, as it alleged that the Narendra Modi government’s plan deliberately “muddied the waters” of political donations from companies.

Congress Secretary Jairam Ramesh quoted a report by The Hindu, which said that despite the fact that companies that have been in existence for less than three years are not allowed to make political contributions, data shows that at least 20 such newly incorporated companies have purchased poll bonds worth of about Rs 103 crore. .

Ramesh alleged that there are four primary channels of corruption in the “Electoral Bond Scam” and every day a new dimension is emerging in the “PayPM Scam”, “confirming the shocking reality of the corruption that has engulfed this country through the encouragement of Narendra Modi”.

(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

First print: April 10, 2024 | 11:21 am IST