Electoral bonds nothing other than ‘cut money’: CPI(M)

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Electoral bonds nothing other than 'cut money': CPI(M)



“No business house dared our party to offer donation through electoral bonds, which the Supreme Court declared unconstitutional. Many corporate houses donated money through electoral bonds issued in the name of shell companies which have no production and business footprint,” said Selim.The CPI(M) in February 2018, had moved the apex court saying that the Union government’s decision to introduce an electoral bond scheme undermines democracy and that it will lead to greater political corruption. The veteran CPI(M) leader pointed out that candidates like singers, actors and players, who are joining the upcoming Lok Sabha poll fray, are planted by corporate houses. “These candidates are being funded by business houses through electoral bonds so that once they will be elected, the they will act to secure the interests of the corporates under the banner of the beneficiaries of the electoral bond scheme,” he opined.Hitting out at the TMC supremo, the CPI(M) leader said his party runs its political activities with the help of common people. “We have proved that a party can be run with the collection from the common people. Our leaders do not travel in private jets or helicopters. It is Mamata Banerjee who cannot travel without private jet or helicopter. She flew in a private jet provided by Adani group in elections,” said Selim.



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