Big business shrugs off Supreme Court ban on electoral bonds to donate millions when they are in trouble, or need projects approved.
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When India’s top court banned a controversial scheme in February 2024 that allowed individuals and corporates to make anonymous donations to political parties through opaque electoral bonds, many transparency activists hailed the judgement as a win for democracy.
Between 2018, when Prime Minister Narendra Modi’s government introduced the electoral bonds, and when they were scrapped in 2024, secret donors funnelled nearly $2bn to parties.
