Supreme Court Electoral Bonds verdict: Submit details of donations to EC by May 30, top court tells parties

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Updated:Apr 12, 2019 11:45:58 am

Supreme Court Electoral Bonds Ruling: The Supreme Court has directed all political parties to give poll panel details of identity of donors, amount in account of donors by May 30 in sealed cover to the Election Commission.

Electoral Bonds Scheme, Supreme Court electoral bonds verdict live, supreme court newsSupreme Court has asked political parties to submit details of donations received through electoral bonds to EC. (File Photo)

Supreme Court Electoral Bonds Verdict: The Supreme Court has asked all political parties to submit details of all donations received through electoral bonds in a sealed cover to the Election Commission by May 30. The top court also added that the issue requires a detailed hearing.  The apex court said it would examine in detail changes made in law and ensure balance does not tilt in favour of any party. The validity of the Centre’s electoral bonds scheme was challenged in the top court by an NGO.

The order was pronounced by a bench comprising Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna.

The plea against the scheme said that either the issuance of electoral bonds be stayed or the names of donors be made public to ensure transparency in the election process.

On the other hand, the government had urged the court not to interfere with the scheme during the ongoing Lok Sabha elections and decide on it once the poll process gets over. The government argues that main objective behind the electoral bonds scheme is to curb the use of black money in elections.

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Highlights

    11:36 (IST)12 Apr 2019
    Prashant Bhushan target BJP over SC ruling

    Senior Supreme Court lawyer Prashant  Bhushan, who argued for the petitioners in the Supreme Court,  alleges that the BJP has received huge amount of donations through electoral bonds. "95% of the 3KCr plus bonds have gone to BJP. Will the BJP disclose donors or will it say that people slipped these bonds under door of BJP office! Will the quid pro quo be known?" Prashant Bhushan tweeted. 

    11:27 (IST)12 Apr 2019
    Supreme Court wants donation data

    Supreme Court has asked political parties to furnish details about all the donations received by them till date. The top court said details should include information about  the donors, bank accounts and other relevant particulars.

    10:59 (IST)12 Apr 2019
    Balance should not tilt in any party's favour: Supreme Court

    The Supreme Court said it would examine in detail changes made in law and ensure balance does not tilt in favour of any party.

    10:42 (IST)12 Apr 2019
    Supreme Court reading out its ruling over Electoral Bonds scheme

    The Supreme Court says that Electoral Bonds scheme issue requires detailed hearing. All parties have been asked to submit bond details to Election Commission by May 30, rules Supreme Court. 

    10:01 (IST)12 Apr 2019
    What the Election Commission says

    Although the Election Commission does not entirely agree with the plea filed against Electoral Bonds scheme, it has raised its own concerns in the Supreme Court. The central poll body, in its affidavit, raised concerns over laws being tweaked to allow political parties receive funds from foreign firms. The Election Commission said that unchecked foreign funding can "influence Indian policies being influenced by foreign companies”.

    09:55 (IST)12 Apr 2019
    What the petitioners argue

    The petitioners argue that the Electoral Bonds scheme has opened 'floodgates' to unlimited donations to political parties from corporate houses. The plea against the scheme says that anonymous funding may have serious impact on country's democracy.

    08:59 (IST)12 Apr 2019
    Donations been made through banking channels: AG

    "Real purpose of the entire scheme has been to curb the black money in the elections. Mind boggling amount of black money had been used during elections and donations were given in cash. Now under this scheme, payments are made through proper banking channels," Attorney General KK Venugopal had told the court on Thursday.

    08:52 (IST)12 Apr 2019
    Attorney General K K Venugopal's arguments

    “Transparency cannot be the mantra and my opinion is voters have the right to know about their candidates… why should they know where the money of political parties is coming from," AG Venugopal had said in the Supreme Court on Thursday.

    08:49 (IST)12 Apr 2019
    Centre's argument in support of Electoral Bonds

    In its affidavit, the Centre had said the electoral bonds "attempt at bringing greater transparency, ensuring KYC compliance and keeping an audit trail in comparison to the earlier opaque system of cash donations.

    08:49 (IST)12 Apr 2019
    ADR challenges Centre's scheme

    The plea by Association of Democratic Reforms (ADR) has sought stay on the Electoral Bond Scheme, 2018, which was notified by the Centre in January last year.

    Electoral Bonds Scheme, Supreme Court electoral bonds verdict live, supreme court news Supreme Court to decide on validity of Electoral Bonds Scheme today. (File Photo)The plea against the scheme seeks that either the issuance of electoral bonds be stayed or the names of donors be made public to ensure transparency in the election process. Lawyer Prashant Bhushan, appearing for Association of Democratic Reforms (ADR)', had argued in the court that the scheme has nothing to do with the effort to curb black money and it opens the banking means also to donate by remaining anonymous.