Results for: Political Financing

Moldovan authorities have seized over $1 million in illegal political financing from a Moscow-backed political group. The funds were confiscated from approximately 150 individuals at the Chisinau airport upon their return from a trip to Moscow. The political group, known as “Victory,” is opposed to Moldova’s plans to join the European Union. The seizure of the funds raises concerns about Russian attempts to influence Moldovan politics and destabilize the country amidst tensions with Ukraine, where Russian troops are stationed in the breakaway Transnistria region.

A petition has been filed in the Supreme Court seeking a court-monitored Special Investigation Team (SIT) probe into the alleged scam involving political financing through electoral bonds. The petition cites news reports and evidence of companies, including Megha Engineering, APCO, and Aurobindo Pharma, purchasing electoral bonds. The petitioners argue that these transactions violate the Prevention of Corruption Act and suggest quid pro quo arrangements with political parties.

The non-profit organizations Common Cause and Centre for Public Interest Litigation (CPIL) have filed a petition in the Supreme Court, demanding a special investigation team (SIT) probe under judicial supervision into an alleged scam in electoral financing using electoral bonds (EBs). The petition claims that at least 20 firms have contributed over ₹ 100 crore to political parties within three years of their establishment and provides evidence of substantial irregularities and potential violations of the Companies Act.