New Delhi390C
Thursday, May 23, 2024

Electoral bonds case highlights: RJD, JD(U) trade charges over EB scheme

Electoral bonds case highlights: The Supreme Court on Monday asked SBI to disclose all details in connection with EB scheme by March 21.
The Supreme Court. (ANI)
The Supreme Court. (ANI)

Electoral bonds case highlights: The Supreme Court on Monday heard a case regarding the State Bank of India (SBI) disclosing the "unique serial numbers" of electoral bonds. Under the now-defunct 2018 Electoral Bond scheme, each bond is marked with a unique serial number, which could aid in monitoring their issuance and redemption and tracing them back to the purchaser....Read More

Expressing disapproval, the Supreme Court criticized the State Bank of India (SBI) on Friday for not revealing the unique serial numbers associated with each electoral bond (EB) when providing information to the Election Commission of India (ECI) regarding bond beneficiaries and donors for public disclosure.

Previously, the Election Commission released updated information on electoral bonds, which had been previously presented to the Supreme Court in sealed envelopes, as per the apex court's directive to make it accessible to the public.

This data pertains to transactions that took place before April 12, 2019. Details of electoral bonds issued after this date were disclosed by the Election Commission last week.

Follow all the updates here:
Mar 18, 2024 10:12 PM IST

Our shoulders broad enough: SC on social media commentary after Electoral Bonds order

As an institution, our shoulders are "broad enough", the Supreme Court said on Monday as the Centre flagged social media posts against the court intended to embarrass it after its orders in Electoral Bonds cases.

Chief Justice D Y Chandrachud, who was heading a five-judge Constitution bench hearing the electoral bonds case, said once the court delivers a judgement, it becomes nation's property, open for debate.

It said the apex court was only concerned about enforcing the directions given in its February 15 judgement.

Mar 18, 2024 8:06 PM IST

Just joined? All you need to know about Supreme Court today's order

In a third tongue-lashing to the State Bank of India, the Supreme Court on Monday told it to stop being "selective" and make "complete disclosure" of all details related to the electoral bonds scheme by March 21.

The apex court said the details to be disclosed include the unique bond numbers that would reveal the link between the buyers and the recipient political parties.

Mar 18, 2024 7:21 PM IST

SC refuses to entertain submissions of ASSOCHAM, CII against disclosure of electoral bonds details

Not ordering disclosure of details of electoral bonds prior to April 12, 2019 was a "conscious choice" by the Constitution bench, the Supreme Court said on Monday while refusing to entertain the submissions of ASSOCHAM and CII against the disclosure of bond details on the ground of their plea not being listed.

Mar 18, 2024 6:23 PM IST

Electoral bonds case Live: Congress raises questions over PM CARES Fund, asks about 'lack of transparency'

Electoral bonds case Live: The Congress on Monday raised questions about the PM CARES Fund, saying that four years after the onset of the COVID-19 pandemic, it is still not clear why it was set up, who its donors are and why its administrative structure is so "lacking in transparency".

Mar 18, 2024 5:26 PM IST

Electoral bonds case Live: DMK disclosed name of donors

Electoral bonds case Live: The DMK, which received most of its donations from a lottery firm, reached out to its donors to seek details of the electoral bonds as demanded by the Supreme Court in 2019.

Mar 18, 2024 4:32 PM IST

Electoral bonds case Live: Electoral bonds dropped at office, received by post: Political parties on donors

Electoral bonds case Live: Several political parties declined to share details of electoral bond donors citing various legal provisions, while others said they received the funding instruments through "drop box" or by post without any name.

Mar 18, 2024 3:36 PM IST

Electoral bonds case Live: What happened in today's Supreme Court hearing?

Electoral bonds case Live: In a stern reprimand directed at the State Bank of India (SBI), the Supreme Court on Monday demanded an end to its "selective" approach and urged for "complete disclosure" of all information about the electoral bonds scheme by March 21.

The apex court said that the disclosed details should encompass the unique bond numbers, which would unveil the connection between the purchasers and the recipient political parties.

Mar 18, 2024 2:20 PM IST

Electoral bonds case Live: What are the unique alpha-numeric numbers?

Electoral bonds case Live:

Each electoral bond is assigned a unique alphanumeric code. This code, when revealed by the State Bank of India (SBI), will help link donors with the respective recipient parties.

Currently, the SBI has provided data to the Election Commission in two separate categories: donors who purchased bonds and recipients who cashed them. However, the report suggests that the link between them is missing.

Read here: Electoral bonds case: What are unique alpha-numeric numbers that Supreme Court sought from SBI?

Mar 18, 2024 1:38 PM IST

RJD, JD(U) trade charges over electoral bonds

Bihar Chief Minister Nitish Kumar's JD(U) and his arch-rival Lalu Prasad's RJD on Monday traded charges over money received through electoral bonds, accusing each other of corruption.

RJD spokesperson Mrityunjai Tiwari targeted the chief minister's party over reported disclosure to the Election Commission that "a bunch of papers", which turned out to be electoral bonds worth 10 crore, were handed over at the JD(U) office here, in April 2019, by an unknown person.

Tiwari said, "The submission makes it clear that while the BJP has itself indulged in corruption through electoral bonds, it has also helped its allies get pecuniary benefits. BJP and JD(U) were in alliance in 2019."

JD(U) chief spokesperson Neeraj Kumar, whose party snapped ties with RJD two months ago, after sharing power for nearly a year and a half, shot back.

He alleged, "The RJD owes an explanation with regard to the discrepancy in data disclosed to before the EC by State Bank of India and figures revealed by the ADR (Association for Democratic Reforms).

Mar 18, 2024 1:04 PM IST

'Pradhan Mantri Hafta Vasuli Yojana': Cong's swipe at govt over electoral bonds issue

Stepping up its attack on the Centre over the electoral bonds issue, the Congress on Monday accused the Modi government of "hafta vasuli" (extortion) and claimed that 21 firms facing investigations from the CBI, ED, or IT have donated through electoral bonds.

Congress general secretary Jairam Ramesh said that with each passing day, more examples emerge on the true depths of the "electoral bond scam".

"Today, we zoom in on the 'Pradhan Mantri Hafta Vasuli Yojana', the second of the four channels of corruption in the Electoral Bond Scam: 1.Chanda Do, Dhandha Lo 2.Hafta Vasuli," Ramesh said in a post on X.

Mar 18, 2024 12:39 PM IST

Recap | Disclose all details in possession, including the Electoral Bonds' unique alphanumeric numbers: SC to SBI

The Supreme Court on Monday directed the State Bank of India (SBI) to disclose all details to the Election Commission of India which are in its possession, including the Electoral Bonds' unique alphanumeric numbers corresponding to each bond.

A five-judge Constitution bench of Chief Justice of India DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra asked SBI's Chairman to file a compliance affidavit 5 pm of March 21.

The Chairman has to file affidavit indicating that SBI has disclosed all details of Electoral Bonds which were in its possession and custody and no details have been withheld, the court said.

Mar 18, 2024 11:49 AM IST

Electoral bonds: Supreme Court rebukes SBI, says don't be 'selective'; sets new deadline | Read

The State Bank of India (SBI) can't be selective in disclosing information linked to electoral bonds, the Supreme Court of India said on Monday, directing the bank to submit full details of the bonds' numbers to the Election Commission by March 21.The apex court also ordered the chairman of the bank to file a compliance affidavit by March 21. Read More

Mar 18, 2024 11:36 AM IST

Electoral bonds case Live Updates: The Election Commission shall upload the details forthwith upon receipt of information from the SBI, says SC

The SC on Monday said that the Election Commission shall upload the details of the electoral bonds case forthwith upon receipt of information from the SBI.

Mar 18, 2024 11:31 AM IST

Electoral bonds case Live Updates: SC directs SBI to submit details of electoral bond numbers, file compliance affidavit by March 21

SC has directed SBI to submit details of electoral bond numbers, file compliance affidavit by March 21

Mar 18, 2024 11:21 AM IST

Electoral bonds case Live Updates: ‘There is mismatch between the numbers given by the SBI and ECI data’, says Prashant Bhushan

I am saying that there is mismatch between the numbers given by the SBI and ECI data. Now the explanation could be that the data is from April 12, Prashant Bhushan said

Mar 18, 2024 11:16 AM IST

Electoral bonds case Live Updates: Tushar Mehta says that the ultimate aim of EB scheme was to curb black money

Solicitor General Tushar Mehta appearing for Centre told the Supreme Court that the ultimate aim was to curb black money and that the apex Court must be aware of how this judgment is being played outside the court.

Mar 18, 2024 11:14 AM IST

Electoral bonds case Live Updates: SC refuses hearing on unlisted pleas of industry bodies, ASSOCHAM and CII in electoral bonds case

Supreme Court has refused to hear unlisted pleas of industry bodies, ASSOCHAM and CII in connection with electoral bonds case.

Mar 18, 2024 11:12 AM IST

Electoral bonds case Live Updates: Major political parties have not disclosed the donors. All that I request is the disclosure of the date should start from the beginning..

Major political parties have not disclosed the donors. All that I request is the disclosure of the date should start from the beginning, says Prashant Bhushan.

Mar 18, 2024 11:08 AM IST

Electoral bonds case Live Updates: ‘Our shoulders are broad enough to deal with social media commentary.. Our intent was disclosure…’ says CJI

CJI says, “As an institution, our shoulders are broad enough to deal with social media commentary.. Our intent was disclosure..We are governed by a rule of law...”

Mar 18, 2024 11:01 AM IST

Electoral bonds case Live Updates: CJI asks SBI to file affidavit stating they have not suppressed any information

CJI asks SBI to file affidavit stating they have not suppressed any information

Mar 18, 2024 10:56 AM IST

Electoral bonds case Live Updates: Senior advocate Harish Salve appearing for SBI tells the Supreme Court that the numbers of Electoral Bonds would be provided to them

Electoral bonds case Live Updates: Senior advocate Harish Salve appearing for SBI told the Supreme Court that if the numbers of Electoral Bonds are to be given, they will give it.

Mar 18, 2024 10:49 AM IST

Electoral bonds case Live Updates: 'We want all information related to the electoral bonds to be disclosed which is in your possession', says CJI

Supreme Court on Monday pulled up the SBI and asked it to disclose all information related to electoral bonds case.“'We want all information related to the electoral bonds to be disclosed which is in your possession,” CJI said.

Mar 18, 2024 10:44 AM IST

Electoral bonds case Live Updates: SC hearing on SBI unique number disclosure case begins

SC hearing on SBI unique number disclosure case has begun.

Mar 18, 2024 10:32 AM IST

Electoral bonds case Live Updates: SC hearing on SBI unique number disclosure case shortly

Electoral bonds case Live Updates: SC will hear the case related to SBI's unique number disclosure in connection with the EB scheme shortly.

Mar 18, 2024 10:24 AM IST

Electoral bonds case: Should SBI disclose unique numbers? Supreme Court hearing today | Read

Electoral bonds case: On Monday, a constitution bench of the Supreme Court is set to convene to deliberate on the electoral bonds case and determine whether the State Bank of India ought to disclose the unique numbers associated with the bonds. Led by Justice Chandrachud, the five-judge panel has also served a notice to the nation's largest bank, requesting an explanation for its failure to divulge the unique alphanumeric identifiers as per previous directives. This development comes amidst a burgeoning political controversy surrounding the electoral bonds scheme. The bench has scheduled the hearing for the electoral bonds case on March 18. Dig Deeper

Mar 18, 2024 10:10 AM IST

Electoral bonds case Live Updates: What did SC say on SBI not disclosing EB serial numbers earlier?

Electoral bonds case Live Updates: Here's what the SC said, “If you see our judgement, it said ‘all details’ have to be furnished... really speaking, we can take exception.”

Mar 18, 2024 10:03 AM IST

Electoral bonds case Live Updates: Plea in SC seeks disclosure of electoral bonds sold from Mar 1, 2018, to Apr 11, 2019

Electoral bonds case Live Updates: A plea has been filed in the Supreme Court seeking disclosure of the details of electoral bonds sold from March 1, 2018, to April 11, 2019, saying voters are entitled to know funding to political parties for the entire period since the start of the scheme.
A new application, filed by Citizen's Rights Trust, has submitted that 9,159 bonds worth 4,002 crore have been sold between March 2018 to April 2019 which should also be disclosed.

The petition seeks a direction to the SBI to share the details of electoral bonds sold and redeemed from March 1, 2018, to April 11, 2019, including the alphanumeric number, date of purchase, denomination, names of donors and parties to the ECI.

Mar 18, 2024 10:01 AM IST

Electoral bonds case Live Updates: ‘Accounts of BJP should be seized,’ says Cong leader Sachin Pilot on EB scheme

Electoral bonds case Live Updates: "The decision of the Supreme Court is welcomed. The BJP should clarify how much they have earned through this scam. The accounts of the Congress party are being seized but the Income Tax is not taking action against the BJP for earning thousands of crores through illegal bonds," he said while speaking to the media in Mumbai.

Mar 18, 2024 9:54 AM IST

Electoral bonds case Live Updates: Cong alleges black money routed to BJP's accounts through electoral bonds

Electoral bonds case Live Updates: The Congress on Sunday charged the government with engaging in "quid pro quo" for receiving electoral bonds and "conspiring" to route black money into the BJP's accounts through the scheme.

Congress general secretary Jairam Ramesh said Prime Minister Narendra Modi and Home Minister Amit Shah were answerable on the electoral bond "scam".

Mar 18, 2024 9:27 AM IST

Electoral bonds case Live Updates: Supreme Court castigates SBI for not disclosing EB serial numbers | Read

Electoral bonds case Live Updates: The Supreme Court on Friday expressed disapproval of the State Bank of India (SBI) for not disclosing the unique serial number linked to each electoral bond (EB) when supplying the Election Commission of India (ECI) with information about bond beneficiaries and donors for public release. Under the 2018 EB scheme which was quashed by the Supreme Court on February 15, each electoral bond is imprinted with a unique serial number that can assist in tracking the issuance and redemption of bonds and may also come handy in tracing the bond back to the purchaser. Dig Deeper

Mar 18, 2024 9:19 AM IST

Electoral bonds case Live Updates: Biggest scam of year, says Bhupesh Baghel on electoral bond scheme; Union minister hits back

Electoral bonds case Live Updates: Attacking the BJP over the Centre's now-junked Electoral Bond Scheme, a day after the Election Commission (EC) notified the dates for the Lok Sabha elections, former Chhattisgarh chief minister and Congress leader Bhupesh Baghel on Sunday called it the "biggest scam of the year".

Speaking to reporters on Sunday, the Congress leader said, "This is the biggest scam of the year. The BJP senses that it is losing the Lok Sabha elections and was, hence, resorting to newer tactics against the Opposition."

However, coming out in defence of the scheme, union minister SP Singh Baghel said the Opposition was hurling unfounded allegations at the BJP over the electoral bond scheme.

"The Opposition is spreading canards against the BJP for receiving funding under the electoral bond scheme," he said.

Mar 18, 2024 9:04 AM IST

Electoral bonds case Live Updates: Supreme Court to hear about SBI disclosing ‘unique numbers’

Electoral bonds case Live Updates: The Supreme Court will commence hearing at 10.30 am to determine whether the State Bank of India (SBI) should be instructed to reveal the “unique serial numbers” of electoral bonds.

On Sunday, the Election Commission of India published information received from political parties on electoral bonds, previously submitted to the Supreme Court in sealed envelopes. This action follows a directive from the apex court to make the data accessible to the public. These details are thought to relate to the period preceding April 12, 2019

News india news Electoral bonds case highlights: RJD, JD(U) trade charges over EB scheme