Plea in Supreme Court to confiscate money received by political parties through Electoral Bonds

A petition has been filed before the Supreme Court to confiscate all the money collected by political parties under the electoral bonds scheme of 2018 which was struck down by the Supreme Court in February this year. The petitioner has also sought directions to form a committee headed by a former Supreme Court judge to probe illegal benefits conferred as quid pro quo on the donors by the public authorities at the instance of political parties on account of payments received by such parties through electoral bonds. The petition argues that these funds, amounting to a staggering Rs. 16,518 crores, were not mere donations but rather transactions that involved quid pro quo, where benefits were allegedly exchanged between political parties and corporate donors. (Dr. Khem Singh Bhati V. Union Of India)