Controversy erupts over India’s electoral bonds, opposition calls it ‘world’s biggest scam’

Data that was recently made public showed the Bharatiya Janata Party received the biggest proportion of donations from electoral bonds, sparking a backlash from opposition parties.

This has sparked a backlash from the opposition, which described the scheme as the “world’s biggest corruption scam”.The main opposition party – Indian National Congress, which came in third on the list of beneficiaries – said the scheme has given the BJP a huge advantage in the election. PM Cares was set up by Mr Modi in 2020 to fight the COVID-19 pandemic. It is now mired in controversy over what critics say is a lack of transparency.

Even though the scheme has now been scrapped, critics say the BJP has already reaped the benefits, as political parties have encashed most of the funds donated.However, the BJP said that despite getting a lion’s share of the funds, it does not give the party an undue advantage in the current election.

“I'm not surprised that got the majority of the share. In fact, I'm surprised they didn't corner 90 per cent of funds. Ruling parties anywhere have an advantage,” said SY Quraishi, a former election commissioner of India.Mr Modi’s party benefiting disproportionately from poll donations is not the only thing that has critics worried.

BJP Narendra Modi

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hurdler misses out on National School Games final after disqualification, sparking controversySome are questioning the decision to DQ Hwa Chong Institution's Kho Yuan Zu from the A Div boys’ 400m hurdles heats.
Source: The Straits Times - 🏆 8. / 63 Read more »

Senate Democrats unanimously halt impeachment trial of Mayorkas sparking controversy on XLatest Breaking News
Source: IndependentSG - 🏆 9. / 63 Read more »

Singaporean woman killed in Spain: Judge orders extraction of data from suspect's phoneSINGAPORE: A judge in Spain has authorised the extraction of data from the mobile phone belonging to the suspect in the killing of Singaporean Audrey Fang, saying it coul
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US SEC updates customer data hacking rules for Wall StreetWall Street's top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers' theft of customer data.The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, apply to rules first adopted in 2000.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Data leak reveals links between money laundering accused Su Jianfeng and sale of Dubai propertiesAt least 126 properties worth more than S$197 million was involved.
Source: The Straits Times - 🏆 8. / 63 Read more »

Singaporean woman killed in Spain: Judge orders extraction of data from suspect's phoneSINGAPORE — A judge in Spain has authorised the extraction of data from the mobile phone belonging to the suspect in the killing of Singaporean Audrey Fang, saying it could provide
Source: TODAYonline - 🏆 1. / 99 Read more »