SC directs parties to give details of amount received in electoral bonds

New Delhi: The Supreme Court Friday directed all political parties to provide details of donations received in electoral bonds and the identity of the donors to the Election Commission in a sealed cover by May 30, in an attempt to bring transparency around anonymous poll funding.
Refusing to stay for now the contentious electoral bonds scheme, the court gave the direction in an interim order in the midst of the Lok Sabha polls which began on Thursday and concludes on May 19. The political parties were also directed to give details of the bank account of the donors.
The order was given on a petition filed by an NGO–Association of Democratic Reforms (ADR)–challenging the validity of the scheme and sought a stay on the issuance of electoral bonds or that names of the donors be made public to ensure transparency in the poll process. The order was welcomed by opposition parties as a step towards bringing transparency to political funding.
A bench comprising Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna also rejected the Centre’s contention that the apex court should not interfere with the scheme at this stage and examine whether it has worked or not only after the ongoing general elections.
The top court said it would examine in detail the changes made in laws — Income Tax, electoral and banking — to bring them in consonance with the electoral bond scheme and ensure the balance does not tilt in favour of any political party. It also directed the Finance Ministry to reduce the window of purchasing electoral bonds from 10 days to five days in April-May and said it would fix a date later for final disposal of the petition.
The Congress welcomed the court direction, saying the party has always maintained that transparency in political funding and governance must be adhered to. Congress spokesperson Priyanka Chaturvedi took a swipe at the BJP and said the judgement would bring out the “nexus” between the saffron party and its ‘suited-booted friends’. CPI(M) General Secretary Sitaram Yechury said the apex court had “demolished” the stand taken by the BJP-led NDA government on the electoral bond issue. “Supreme Court demolishes stance taken by Modi, Jaitley & BJP – which had pushed this as a Money bill, for opaque, secret Electoral bonds. The court says transparency is the basic principle of electoral funding. People have a right to know which party got how much, and from whom,” Yechury tweeted.
“Anonymity pushed by BJP is on the way out. Donors of black money via this route will be scared to fund from here on. Today EC has the data.
Tomorrow the public will also have it,” he said in another tweet. Advocate Prashant Bhushan, who appeared for the petitioner NGO, said the court order was an important step towards bringing transparency. He claimed that the BJP was a major beneficiary of the electoral bond scheme. The BJP said it will wait for the final judgement and noted that the Centre has already placed its stand before the apex court. “Whatever is the order of the Supreme Court, it has to be complied with and it is always complied with. “As far as issues raised by the government is concerned, they have been placed before the court for its consideration. And we will await the final judgement,” BJP spokesperson and Supreme Court lawyer Nalin Kohli said. (PTI)