SC raises concerns about lack of transparency in Electoral Bonds scheme; govt backs privacy

Nov 02, 2023, 04:20PM ISTSource: TOI.in

The Supreme Court is of the view that there are certain shortcomings in the electoral bonds scheme’s transparency.But, the Centre said revealing the identity of donors would expose them to retribution or victimisation as has been acknowledged by parties in Parliament. The current system has created an “information blackhole”, the bench said. After hearing the last counsel from the challengers’ side, senior advocate Vijay Hansaria, a bench of Chief Justice D Y Chandrachud and Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra said the problem with the electoral bond scheme was the selective confidentiality to the donor’s name and the political party to whom the contribution was made.