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The petition by the Centre for Public Interest Litigation and Common Cause states that large donations to political parties through electoral bonds by loss-making and shell companies with unknown sources of funds need to be investigated.

The petition claimed that the EB data shows the bulk of these were given as “quid pro quo” arrangements by corporates to political parties | Latest News India

The bulk of the donations to political parties have been given in exchange of favourable policies and stalling investigations, the petition claimed.

The public sector lender was responding to RTI activist Commodore (retired) Lokesh Batra, who sought complete disclosure on electoral bonds data in the digital form, as provided to the poll body after the top court's order. 

Last month, the special court had dismissed Santiago Martin's application for keeping in abeyance the present trial until the predicate (main) trial in an alleged lottery scam case concluded.

Key individual parties have cornered a larger share, with some favouring regional and others national players.

Trinamool Congress's biggest donors: Future Gaming, RP-Sanjiv Goenka, and Keventer. The Trinamool Congress, in power in West Bengal, received Rs 1,609 crore in electoral bonds. Future Gaming, a lottery company, donated Rs 542 crore, RP-Sanjiv Goenka Group contributed Rs 403 crore, and Keventer group firms donated Rs 47 crore. Read more.

Narendra Modi emphatically rejected the suggestion that the issue of electoral bonds caused a setback to his government.

Revelations about Santiago Martin’s huge donations to political parties through electoral bonds might revive an ethical debate on lottery. Parliament has debated the matter for 50 years. Will his beneficiaries, opposed to the BJP, end up as his liabilities?

The stage is set for the 2024 Lok Sabha elections in India, with 543 seats up for grabs. Scheduled to begin on April 19 and conclude on June 1, the elections will unfold over seven phases, with results slated to be out on June 4. Prime Minister Modi has already kicked off his campaign, aiming for a repeat of his landslide victories in 2014 and 2019.