The State Bank of India-SBI Today fully disclosed electoral bond details to the Election Commission, including unique alphanumeric numbers, following a Supreme Court order. All aspects of the bonds, except for complete account numbers and KYC, have been revealed. This complies with the court’s directive to ensure transparency in the electoral bond scheme.
The Supreme Court rebuked SBI for selective disclosure in the electoral bonds scheme and mandated a comprehensive revelation, including unique bond numbers, by March 21. It emphasized the importance of transparency and reprimanded SBI for incomplete information. The directive underscores the court’s commitment to ensuring accountability and transparency in political party financing.
The Supreme Court today dismissed the government’s concerns about misuse of the Electoral Bonds scheme and emphasized the need for transparency. Solicitor General Mehta expressed concerns about distortions in statistics and social media misuse, but the Court focused on upholding the rule of law. The Court instructed the State Bank of India to disclose all pertinent information, including alphanumeric codes associated with the bonds.
The Supreme Court today ordered SBI to disclose all conceivable details about electoral bonds, including unique bond numbers linking buyers and beneficiary political parties. This decision, led by Chief Justice D Y Chandrachud, emphasizes transparency and accountability in the electoral bond scheme, reinforcing the court’s commitment to ensuring financial transparency in political financing.