New Delhi: The Association for Democratic Reforms (ADR) filed an application in the Supreme Court on Friday, seeking a stay on the controversial electoral bonds scheme, citing the revelations made by HuffPost India in #PaisaPolitics, a series of investigative reports published last week. Quoting from documents acquired by multiple RTI activists, the application cited all the problematic aspects about the scheme, reported in the six-part series by journalist Nitin Sethi, to make its case for a stay. The six aspects are the following:1) The Reserve Bank of India repeatedly opposed the scheme and amendment made to the RBI Act through the Finance Bill 2017. 3) PMO ordered the illegal sale of electoral bonds just before state polls in violation of the scheme. 5) Government made the State Bank of India accept expired electoral bonds sold in illegal window.

Source: Huffington Post November 29, 2019 13:18 UTC