Every citizen of India lost his money due to this disturbance. The electoral bond scam is the biggest fraud since the country’s independence. This is related to bribery in business deals. If you don’t pay, agencies like ED put pressure on you. This was not just a ploy – it was a web of many schemes that looted public money. The Supreme Court canceled it after seven years. Now the hidden truth is coming out.
1. Understanding Electoral Bond Systems
The Modi government launched the Electoral Bond Scheme in 2017. He had described it as a clean way for companies to fund parties. But experts immediately noticed something wrong with it. Donations were hidden from voters. No one knew which company gave cash to which group. This system was clearly indicating a glitch. This had hidden the cash flow from the public eye.
Coupon-like and anonymity claims
Treat electoral bonds like store coupons. A company gives cash to the bank and takes bonds. They give it to a party. The party goes to the bank and gets it cashed. Easy, isn’t it? But the names of the donors were hidden in it. According to the rules, the unused bond money went to the Prime Minister’s Relief Fund after 15 days. This kept things anonymous, or at least they claimed so. Nevertheless, suspicion increased rapidly. Why were the parties’ funding hidden from the public?
Secret tracking number lies exposed
Journalist Poonam Agarwal investigated it in 2018. She then worked for The Quint. He bought two ₹1,000 bonds from the Parliament Branch of the SBI. One on April 5, the other on April 9. At first glance they looked alike. There were no buyer names or details. But in UV light? A hidden unique code appeared on each bond. It exposed the promise of anonymity. The government denied this at first. Then Finance Minister Arun Jaitley called it just a safety mark. He vowed in Parliament that no one could trace the donor. That assurance? It was a complete lie.
SBI records and government access
Retired Navy officer Lokesh Batra filed an RTI.He received files from the Finance Ministry. HuffPost India also searched more records. SBI assumed they used to track serial numbers for checks. Without them, even fake bonds could have passed. A 2018 notice paved this up. Under section 6 (4), SBIs must share bond details upon request from agencies such as ED or CBI. Think about it. The public did not know anything. Opposition parties did not get information about the donors of their rifles. But what about the ruling party? He had all the leaves. This made Bond a weapon against enemies. Now the agencies were under their control and they could peek at any time.
2. Supreme Court Interference And Disclosure Of Data
The change came from a petition by CPI (M) and groups such as Common Cause and ADR. Advocate Prashant Bhushan fought this case. On 15 February, the Court struck down the scheme. Citizens have the right to know the source and amount of donation. This is a basic right. The judges also described the bonds as a direct business deal. Companies pay for profit. There is no real gift here.
SBI’s delaying tricks and release of data by ECI
SBI was reluctant at first. He asked for three months to gather information after the elections. The court refused. He ordered to release it now. Within a few days the data came to the Election Commission site. Two lists were revealed. One showed the value of buyers and bonds. The second contained a list of parties and the amount received. But SBI left the Secret Codes. This blocked direct links. The court reprimanded him again. Give full details by March 21st, otherwise.
Reaction of political parties on transparency
Some parties came forward. He shared the list of his donors without waiting. Such as Samajwadi Party, AAP, NCP, JD(U), JD(S), DMK, AIADMK, JKNC, MGP of Goa, and SDF of Sikkim. Total ten. Four more parties were better. CPI, CPI(M), All-India Forward Bloc, and CPI-ML refused the bonds from day one. His stance should be praised. The parties that took them? They say it saved the Donors from the tricks of the ruling party. That’s right. But the power to give contracts? This is not their job.
Investigation of unequal distribution of funds
Home Minister Amit Shah spoke at an event in India Today. He claimed that the total bonds were of ₹200 billion. BJP took just ₹60 billion. Where did the rest go? The anchor remained silent. Didn’t ask any questions. ECI’s data tell the truth: ₹127 billion released. ₹120 billion cached from April 2019 to January 2024. BJP took ₹60 billion that is 47.5%. TMC got ₹16 billion, or 12.6%. Congress got ₹14 billion, about 11.1%. Then BRS to ₹12 billion. ₹7 billion to BJD. DMK to ₹6 billion. ₹3 billion to YSR. ₹2 billion to TDP. Shiv Sena ₹1.5 billion. To smaller parties like RJD, AAP, JDS, SKM, NCP? ₹300-700 million to every party. BJP’s Fan says that’s right – they’re the big party, they have 300 MP. But if we look at it per MP? It gets very low. Does this justify this mess? No. Just donating is not bad. Linking them to contract or ED threats? This is a crime.
3. What Is Scam: Extortion And Getting Rich Wrongfully
Powerful parties, big companies and common people together form this triangle. Parties get bond cash. Companies make profits. People suffer losses through taxes. The government puts public money in the pockets of companies. Companies then fund the parties. Does it sound like theft? It is. Robin hood style no – here, poor people fund the rich. Agencies harass non-payers. Donors get deals. This is clear extortion.
Example 1: Waiver of tax evasion in lieu of donation
Companies save taxes, and the government treasury becomes empty. There is no teacher’s salary or cash to repair the road. There should be a raid. But instead deals are made. Donate bonds, avoid trouble. ED turns a blind eye. Top donors prove it. Future Gaming, Megha Engineering, Vedanta – three out of five big companies. All of them have already been raided. The Quint checks Top 30: checked at 14. Extortion? Rahul Gandhi called Modi “Vasuli Bhai”. Or worse, if cash is found, agencies ignore the real crime. Either way, it is the citizens who pay. Public funds need to be spent wisely. Rule 21 in the Finance Guidelines says treat it like your wallet.
Example 2: Agreement in Tendering and Quality
Tenders select winners on the basis of skill, previous work, technology and correct bid. There should be excellent construction with tax money. No shortcut. Yet donors get work despite failures. Navyug Engineering had built a tunnel in Uttarakhand. It collapsed in 2023, trapping 41 people. He had bought bonds worth ₹550 million between 2019-2022. Ranjit Buildcon? The flyover in Ahmedabad collapsed in December 2021. This was the third mess for him. The investigation blamed weak concrete. Nevertheless, the cities of Gujarat gave him work: Vadodara, Rajkot, Surat, Metro Rail. Bond? ₹90 million at the beginning of 2023. BG Shirke Construction? In 2022, four people died after an elevator collapsed. In 2018, four more people were killed when a crane collapsed. He spent ₹1.18 billion on bonds in 2023-2024. Lives were lost, but contracts continued. Parties run after commissions more than security.
Example 3: Megha Engineering Corridor
Megha Engineering put ₹9.66 billion in bonds between 2019-2023. Joined companiesAdd—Western UP Power, SEPC Power, Evey Trans. total ₹more than 12 billion. Benefit? Too much. Kaleshwaram Irrigation Project in Telangana started in 2019. cost increased from ₹81 billion to ₹147 billion. CAG report: Megha got ₹51.8 billion extras on pumps and gears. Together with L & T and the New Age, wrongly benefited ₹75 billion. Projects hastily started without full report—₹250 billion. The NGT called the clearance fraudulent in 2020. There was BRS rule, so BJP and Congress created ruckus. Irony happened with Zojila Tunnel. Gadkari praised it, but Megha grabbed ₹45 billion deal in 2020. Hyderabad firm defeated big bids. Then Thane-Borivali Twin Tunnel. MMRDA tender in 2023. Megha bought bonds worth ₹1.4 billion in April. May won ₹144 billion. Red fell in 2019, yet bonds continued to be found. Projects from the Center and the State kept accumulating. Ministry of Defence gave ₹5 billion in 2023.
4. Beyond The Big Players: Matters To Note And Their Impact
Data reveals more shit. Patterns point to bias. There is a raid, then Bond buys peace. Sector rules are broken after donation. This net touches many.
Strange alliances and sectoral concerns
Central Red took place on Future Gaming, a lottery company. Still, Finance Minister Nirmala Sitharaman was seen posing with the owner’s son. Beef exporters made huge donations. This harasses voters who support parties on the basis of religion. Mining companies like Vedanta, EMIL, GHCL, MSPL? After Bond, Green is accused of breaking the rules. The environment is being harmed for money.
Quick supply chain glitch
Quick supply chain is connected to the directors of Reliance. He bought bonds worth more than his net profit. More than earning? Is strange. This points to external pressure or fake accounts. Why did you invest so much money? Maybe to gain benefits.
Conclusion: The Price Of Silence And The Way Forward
Anonymity did not fool anyone in power. Bond promoted extortion and sweet deals. The public tax nurtured this cycle. Key lesson: Keep track of the relationship between funding and tasks. The “knowledgeable thief” turns around – robs the needy and gives it to the rich. Be alert. Demand open books. Insist on clean politics. Your vote shapes it. Work now, otherwise you will have to pay a higher price later.
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