’Electoral bond issue not only biggest scam in India but...,’ FM Nirmala Sitharaman’s economist husband says
Live MintRenowned economist Parakala Prabhakar has projected that the "electoral bond issue" will cost the ruling Bharatiya Janata Party heavily. Prabhakar, the husband of Union Finance Minister Nirmala Sitharaman, told news channel Reporter TV, "The electoral bond issue will gain much more momentum than what it is today. The BJP received the maximum funds via electoral bonds at ₹6,986.5 crore between April 12, 2019, and February 15, 2024, followed by West Bengal's ruling party Trinamool Congress, Congress, and Bharat Rashtra Samithi. The Supreme Court, in a ruling in February, struck down the Prime Minister Narendra Modi-led Centre's Electoral Bond Scheme, which allowed for anonymous funding to political parties, and ordered the State Bank of India to stop issuing electoral bonds immediately.