Most Electoral Bonds Sold Ahead of Bihar Polls Were of Rs 1 Crore Denomination

Indicating the use of big money in the recently-concluded Bihar assembly elections, a Right to Information query has revealed that a total of 279 bonds of Rs 1 crore were sold during the sale period from October 19 to 28…. Transparency activists have long claimed that the electoral bonds scheme is opaque and potentially promotes the circulation of black money. Before every assembly election, the Centre opens the sale of electoral bonds for 10 days….

An analysis of electoral bonds earlier this year had revealed that… the BJP was the biggest beneficiary. Ahead of the 2019 Lok Sabha polls too, the BJP had raised Rs 2,410 crore from electoral bonds and prior to that it was receiving nearly 95% of the money that was raised by political parties through the scheme.

https://thewire.in/government/electoral-bonds-bihar-elections-1-crore-denomination-bjp