PM Modi ran the world’s largest extortion racket through electoral bonds to divide political parties, alleges Rahul Gandhi | India News


PM Modi ran the world’s largest extortion racket through electoral bonds to divide political parties, alleges Rahul Gandhi | India News

During a rally in Thane, Maharashtra, Congress leader Rahul Gandhi made a bold statement, calling electoral bonds the biggest extortion racket in the world. He alleged that funds collected through this scheme were used to divide political parties and overthrow opposition governments. Rahul claimed that contracts awarded by Congress governments in states had no connection to electoral bonds.

Rahul Gandhi criticized the Prime Minister for introducing electoral bonds as a means to clean up political finance in India. However, he accused the scheme of extorting money from the country’s largest corporations, stealing money for major contracts, and intimidating companies to donate money to the BJP. The opposition parties have targeted the BJP following the Election Commission’s release of details on electoral bonds on its website, as ordered by the Supreme Court.

The Election Commission shared details of electoral bonds worth Rs 12,155 crore bought from SBI between April 12, 2019 and Jan 24 this year, and a list of bonds deposited by parties in their accounts totaling Rs 12,769 crore. The data showed that the BJP received the largest amount of contributions through electoral bonds at Rs 6,061 crore, followed by TMC at Rs 1,610 crore. Congress, BRS, BJD, and DMK were also significant recipients. Notably, parties in power in states received more bonds compared to those in opposition, with the exception of JD(U), which despite governing Bihar, only received Rs 14 crore.

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