Former Finance Secretary Calls SBI’s Electoral Bonds Move as Breach of Trust

Today (27th March): Former Finance Secretary Subhash Garg criticized the State Bank of India for compromising the anonymity of electoral bond purchases. He highlighted that the recording of alphanumeric codes goes against the scheme’s intent. The Supreme Court’s involvement revealed connections between bond buyers and political parties, leading to doubts about transparency. Garg urges the Election Commission of India to ensure complete transparency.