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Electoral bonds: NGOs circulate SC, seek SIT probe on ‘quid pro quo’ among corporates, political parties

NGOs Centre for Public Interest Litigation (CPIL) and Common Cause have together filed a petition earlier than the Supreme Court in search of instructions to research alleged quid pro quo arrangements between corporations, political events and government agencies run by way of these parties during the last six years. The allegations are based on the data launched after the apex court docket struck down the Centre’s electoral bond scheme in February 2024. homescrafto

 

To investigate those allegations, CPIL and Common Cause have sought a court docket-monitored research by way of a Special Investigation Team (SIT) and instructions to get better the amounts donated to political parties that are part of the alleged quid pro quo preparations if these donations are located to be proceeds of crime. homerenovant

 

webspaceddesign The petition consists of a desk with 22 instances of corporations making donations via electoral bonds, the political birthday celebration receiving the donation, observed with the aid of another column titled “Details” which lists the alleged comfort the organisation received in change. These include profitable authorities contracts, tax remedy, and claims that the donation turned into made quickly following earnings tax or Central Bureau of Investigation (CBI) raids. homeblisshub

 

The companies named in the petition consist of Megha Engineering and Infrastructures Ltd, Future Gaming and Hotel Services PR, Grasim Industries, Vedanta, IFB Agro Limited and Bharti Airtel Limited, among a couple of others. shopingcheckout

 

CPIL and Common Cause additionally submitted that huge donations were made by using loss-making and shell agencies with unknown sources of price range “suggesting laundered cash finding its manner into the coffers of the political parties”. This, the petition states, needs to be investigated as it falls under the provisions of the Prevention of Money Laundering Act, 2002. trendhubtreasure

 

These quid pro quo preparations are “in clean violation of the Prevention of Corruption Act, 1988”, specifically the offences regarding industrial organizations bribing a public servant and influencing public servants through corrupt or unlawful means, the petition provides. diginettrail

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