The report, which was released on Friday, stated that out of a total income of Rs 545.74 crore of the Trinamool Congress (TMC) in 2021-22, as much as Rs 528.14 crore came from electoral bonds.
Other petitions also challenged the orders passed by the government from time to time allowing political parties to obtain funds from other sources including corporate.
The issuance date of bonds coincides with the second phase of the Gujarat assembly election, which is scheduled on December 5.
The BJP is using its power to take advantage of these electoral bond fundraisers
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.
Considering counsel’s contention, the CJI said, “We’ll list the matter and it’ll come up.”
The Centre also declared that the sale of electoral bonds under the 23rd tranche will take place through 29 authorised branches of State Bank of India from November 9- 15.
Ex-energy secretary writes to CEC on Finance Ministry notification
When was the last time any prominent ruling party politician of any state or Central ministry resigned on moral grounds, let alone was tried and convicted for corruption?
Rajasthan CM accused BJP of "threatening" corporates, who wish to donate to Congress and other political parties. Gehlot also claimed AAP was "controlling" the media through money.
The system of electoral bonds was introduced by way of a money bill by amendments in the Finance Act and the Representation of Peoples Act.
The Association for Democratic Reforms and the CPI(M) in their petitions argued that the electoral bond scheme had opened floodgates to unlimited corporate donations to parties.
After months, the Supreme Court will hear the case filed by the Association for Democratic Reforms (ADR) related to the anonymous electoral bonds scheme on Friday.
In its annual audit report for the financial year 2020-21 filed with the Election Commission on May 21, the BJP has shown its total expenditure at Rs 620.39 crore and receipts at Rs 752.33 crore.
The court took note of the submissions of lawyer Prashant Bhushan, appearing for PIL petitioner NGO, 'Association for Democratic Reforms', that the issue was 'critical' and needed an urgent hearing.
The application had claimed that so far more than Rs 6,500 crore worth of electoral bonds have been sold with the majority of donations going to the ruling party.