INVESTIGATIVE reports by a journalist have exposed how the Modi Government introduced the Electoral Bonds scheme, overriding strong objections by the RBI and Election Commission which held that it would help channel black, offshore money into India’s elections and would destabilise India’s currency.
The Electoral Bonds system allows corporate and foreign funders to secretly donate money to political parties in Indian elections. The Modi Government lied to Parliament claiming that the Election Commission had raised no objections.
Moreover, the Modi Government then broke its own rules restricting bond sales to Lok Sabha elections alone, and ordered an illegal sale of bonds before various state elections in order to allow black money to be pumped into BJP’s election campaigns.
95% of funds garnered through electoral bonds went to the BJP alone. The Modi regime overrode objections from the RBI to implement demonetisation – which destroyed India’s economy and the livelihood of India’s poor, while having no effect on black money. Meanwhile the same regime has knowingly introduced a scheme which allows untold sums of black money to secretly flow into the ruling BJP!
The Electoral Bonds scheme, which is flooding Indian politics with dirty money and destablising India’s currency, must be scrapped immediately. There must be an independent probe into the Modi Government’s and BJP’s blatant corruption and black money links.
