Results for: Political Funding

Nicole Shanahan, the running mate of Robert F. Kennedy Jr., poured a substantial $19 million into his presidential campaign, including a $4 million donation to a pro-Kennedy super PAC. Despite her financial support, Kennedy suspended his campaign and endorsed Donald Trump, raising concerns about potentially drawing votes away from the former president. Shanahan’s investment highlights the unpredictable nature of political campaigns and the potential risks involved in large-scale financial backing.

The Supreme Court will hear petitions demanding a probe into alleged electoral bond scam financing on July 22. The court previously dismissed the matter in February, but petitioners are seeking a special investigation team (SIT) under judicial supervision to investigate the allegations.

Union Home Minister Amit Shah has expressed apprehension about the potential increase in black money’s influence in the ongoing Lok Sabha elections following the Supreme Court’s decision to scrap the electoral bond scheme. He emphasized the need to find an alternative mechanism to mitigate this risk. Shah stated that the abolition of the scheme, which enabled anonymous donations to political parties through bonds purchased from the State Bank of India, occurred at a critical juncture. He believes that the absence of electoral bonds may exacerbate the influence of black money in politics.