The Supreme Court of India will hear petitions on July 22 demanding a probe into alleged irregularities in electoral financing through electoral bonds. The petitions seek the formation of a Special Investigation Team (SIT) under judicial supervision to investigate the matter. This comes after the Supreme Court earlier dismissed the issue on February 15.
Electoral bonds are a financial instrument introduced in India for political parties to receive anonymous donations. Critics argue that the scheme facilitates opaque funding and allows for potential corruption. The petitioners allege that the electoral bond scheme has been misused for illicit financing of political parties, leading to concerns about transparency and accountability in political funding.
The Supreme Court’s decision to hear the petitions again indicates the potential gravity of the allegations and the need for further scrutiny of the electoral bond scheme. The outcome of the hearing will be closely watched by political observers and citizens alike, as it could have significant implications for the future of political funding in India.
