this post was submitted on 21 Mar 2024
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What is this?
Anonymous Electoral Bonds were a mode of funding for political parties in India from their introduction in 2017 till they were struck down as unconstitutional by the Supreme Court on 15 February 2024.[1] Following their termination, a five-judge bench headed by the Chief Justice directed the State Bank of India to hand over the identities and other details of donors and recipients to the Election Commission of India, which was in turn asked to publish them on its website.[2]
https://en.m.wikipedia.org/wiki/Electoral_Bond
This, apparently? I'd never heard of it before this post.
Sounds only slightly more corrupt than superPACs here in the US, TBH.
The major between électoral bonds and super PACs is that the former grants anonymity to the donors.