Last Updated on 02/08/2024 by wccexam Desk
Electoral bonds, Once again, the Supreme Court gave a big decision on the issue of electoral bonds and rejected the petition demanding an SIT investigation. There will be no SIT investigation into the transactions between corporates and political parties in electoral bonds. The court said in clear words that we believe that SIT alone is not the solution.
The Supreme Court rejected the demand for SIT investigation
The Supreme Court has dismissed petitions seeking probe by a Special Investigation Team (SIT) into the alleged quid pro quo arrangement between corporates and political parties through electoral bond donations.
In February, the Supreme Court had struck down the electoral bond scheme, which allowed anonymous funding to political parties, and ordered SBI to immediately stop issuing electoral bonds.
What does an SIT investigate in this case?
The CJI asked what does an SIT investigate in this case? Bhushan replied, ‘Was there any transaction and who was involved in it?’ The CJI said that it would virtually be an open investigation. Bhushan gave written arguments on the disclosure of bonds purchased. To which the CJI said, do we appoint a court SIT when remedies are available under the law?
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sit Highlights of the petition demanding investigation
The petition alleged that the electoral bond case involved a scam of crores of rupees, which could only be revealed through an independent investigation monitored by the Supreme Court. Seeking an SIT probe under the supervision of a retired Supreme Court judge, the petitioners had said that ‘the investigation in this case would not only need to unravel the entire conspiracy in each case, which would involve officials of the company, government officials and office bearers of political parties, but also the concerned officials of agencies like ED/IT and CBI etc., who appear to be part of this conspiracy.’