A whopping 99.8 per cent of donations received by political parties was through electoral bonds of the highest denominations -- Rs 10 lakh and Rs one crore -- between March 2018 and January 24, 2019, revealed data obtained under the RTI Act.
Donors purchased bonds worth Rs 1,407.09 crore of which Rs 1,403.90 crore were in the highest denominations of Rs ten lakh and Rs one crore during the period.
The donors bought 1,459 electoral bonds of denomination of Rs ten lakh and 1,258 bonds of Rs one crore denomination. They purchased 318 bonds of Rs one lakh, 12 bonds of Rs 10,000 and 24 bonds of Rs 1000 denomination, according to the RTI reply.
Electoral bonds worth Rs 1,395.89 crore were redeemed by the parties.
Gaud had also asked the bank how many parties redeemed the bonds and worth how much money, but the SBI did not disclose it, saying it was in fiduciary capacity disclosure which is exempted under Section 8 (1) (e) and (j) of the RTI Act.
On Friday,the Supreme Court refused to suspend the political funding through electoral bonds but, did introduce conditions to bring transparency in the process.
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