GG News Bureau
New Delhi, 26th March
The Supreme Court on Friday dismissed a petition seeking a moratorium on the release of new electoral bonds before the assembly elections in West Bengal, Tamil Nadu, Kerala, Assam and Puducherry, following which the decision will no longer be stayed.
Earlier on Wednesday, the matter was heard in the apex court and the decision was reserved. In fact, on Wednesday, on the petition filed by ADR, lawyer Prashant Bhushan said in the court that the electoral bond has become a means of getting the ruling party to bribe their name in the name of donations.
During the hearing, the Election Commission (EC) had told the Supreme Court that it supports the existing system of funding among political parties through electoral bonds, but would like to make the process more transparent.
The Commission said that banning bonds would lead us into an era of unaccounted cash transfers, which would lead to further losses. On January 20, 2020, the apex court refused to grant an interim stay on the 2018 electoral bond scheme and sought a response from the Center and the Election Commission.
On this, the CJI said, if you are right, then we will have to cancel the whole law. How can this work be done through interim order? To this, Bhushan said that he is seeking an interim order to ban the sale of electoral bonds in the next phase.
At the same time, Attorney General KK Venugopal, appearing for the Center, said that the Election Commission has allowed the sale of bonds. The purpose of electoral bonds is to curb the system of black money, as it uses banking channels. On this, Bhushan said that the person buying the electoral bond can also buy it through cash.
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