Prime Minister Narendra Modi said he brought electoral bonds and hence the source of the funding is known today.
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Can any agency tell us how much money was spent in elections before 2014, Modi asked in his exclusive interview with Thanth TV. “Thanks to electoral bonds now we can trace the source of funding. Nothing is perfect, imperfections can be addressed,” PM Modi said.
The electoral bonds scheme was introduced in 2017 to facilitate transparent funding of political parties. On February 15, this year the Supreme Court struck down the scheme and asked the Election Commission to release the funding data.
The data revealed that political parties received crores from top corporates in the country. Future Gaming and Hotel Services purchased possibly the highest amount of bonds worth ₹1,368 crore, followed by Megha Engineering and Infrastructure Ltd at ₹966 crore.
BJP got 84% of electoral bonds bought by the top 10 individual donors.
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The second biggest recipient was the Trinamool Congress which got ₹16.2 crore or about 9% of the money. The third biggest was the Bharat Rashtra Samithi with ₹5 crore.
