
‘Quid pro quo’: How Indian firms fund parties whose governments help them
Al Jazeera
Big business shrugs off Supreme Court ban on electoral bonds to donate millions when in trouble, or needing approvals.
When India’s top court banned a controversial scheme in February 2024 that allowed individuals and corporates to make anonymous donations to political parties through opaque electoral bonds, many transparency activists hailed the judgement as a win for democracy.
Between 2018, when Prime Minister Narendra Modi’s government introduced the electoral bonds, and when they were scrapped in 2024, secret donors funnelled nearly $2bn to parties.
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