This was false: Companies are not required to detail to whom they donated electoral bonds in their profit-and-loss statements and balance sheets. This particular letter from Election Commission was circulated to all departments and divisions that dealt with electoral bonds. But by now, electoral bonds worth more than Rs 1,400 crore had already been purchased by corporations and donated to political parties. The corrected reply, which now forms part of the Parliamentary record, acknowledges that the Election Commission had raised serious concerns about Electoral Bonds. “We are opposing the secretive political bonds scheme and amendments to the corporate act on political funding.

Source: Huffington Post November 19, 2019 01:41 UTC