India's Supreme Court has mandated the State Bank of India (SBI) to provide data linking donors with recipients in the political funding controversy involving electoral bonds. This directive comes in the wake of revelations about the electoral bonds system, which allowed anonymous donations to political parties. Among the top donors, Future Gaming, led by Santiago Martin, emerged as the largest, contributing Rs 509 crore to DMK. Additionally, significant donations were made by IT companies, including Infosys, Cyient, and Zensar Technologies, with Cyient donating Rs 10 crore in two tranches. The electoral bonds system, recently shut down by the Supreme Court weeks before a national election, had permitted major corporations to anonymously fund political activities over the past five years. The controversy also involves the Modi government, which is accused of allowing the BJP to encash expired electoral bonds, contravening SBI's rules.
India’s top court orders bank to disclose details of political donations The Supreme Court earlier banned the scheme used for funding parties – weeks before a national election https://t.co/3yhkknB2Ku https://t.co/l05AHs63bS
Santiago Martin: The 'lottery king' who is India's top political donor https://t.co/qMsSBv3Zdd
Political Parties' Bizarre Replies As Poll Body Seeks Electoral Bonds Info https://t.co/OROKsBuHut https://t.co/GtT55AUtSc
🚨Electoral Bonds: IT companies Infosys, Cyient and Zensar Technologies mentioned among donors The largest donation among the three companies came from Cyient, which donated Rs 10 Cr in two tranches in November 2023 @chandrarsrikant @moneycontrolcom https://t.co/BgjruM5K0j
Some of India’s biggest corporations anonymously became top political funders in the last five years by way of an electoral bonds system that has now been shuttered by the country’s Supreme Court. See what’s going on. #CGTNAmerica https://t.co/ZZtSktXmpS
At Rs 509cr, ‘Lottery King’ contributed 79% of DMK’s income from #ElectoralBonds https://t.co/pvoNidRxwJ
Drop Box To Anonymous Post, Parties Explain How They Got Electoral Bonds https://t.co/u1tT1jifvH https://t.co/2sAmU13koC
Modi Gov’t Allowed BJP to Illegally Encash Expired Electoral Bonds. Union Finance Ministry forced SBI to accept expired bonds, against its own rules, in favour of BJP, show new disclosures. https://t.co/RJiaGocImH
SBI Electoral Bonds: Neither BJP, nor Congress - Rs 509 cr from BIGGEST DONOR Future Gaming went to THIS party #ElectoralBondsCase #FutureGaming #BJP #Congress #SBIElectoralBond https://t.co/OBeUgmCVzL
Poll bond: Gujarat firm, Bajaj gave AAP most ahead of 2019 Lok Sabha polls https://t.co/1WmwNXGFeh
What Electoral Bonds Data Tells Us About Top Donors And Beneficiaries https://t.co/QhAEUizISE https://t.co/4mkucyG7OE
India's top court asks SBI for data to link political fund donors, recipients https://t.co/beSWzypFzn https://t.co/6qf9Y1QXb3