Check on black money in polls futile if identity of donors is not known: SC

When the bank issues the electoral bond, does it have details on which bond was issued to 'X' and which bond was issued to 'Y'?, asks Supreme Court Bench

If the identity of the purchasers of electoral bonds meant for transparent political funding is not known, then the efforts of the government to curtail black money in elections would be ‘futile’, the Supreme Court said Thursday.

The Supreme Court made the remark as Attorney General (AG) K K Venugopal, appearing for the central government argued before it that the voters do not need to know the source of funding as political parties also have a right to privacy. The source of the funding should not be in question as long as it was legitimate, Venugopal said.

The apex court was hearing