
- Court Order: The Special Court for People’s Representatives in Bengaluru has ordered the registration of an FIR against Union Finance Minister Nirmala Sitharaman.
- Allegations: The complaint alleges that Sitharaman orchestrated a scheme of extortion using electoral bonds, in collaboration with the Enforcement Directorate (ED) and other individuals holding constitutional posts.
- Electoral Bonds: Electoral bonds, introduced in 2017, allow donors to buy bonds from the State Bank of India (SBI) and donate anonymously to political parties.
- Supreme Court Ruling: The Supreme Court struck down the electoral bonds scheme as unconstitutional in February 2024, citing it infringed on citizens’ right to information about political funding.
- Complaint Details: The complaint was filed by Adarsh Iyer, Co-President of Janaadhikaara Sangharsha Parishath, a non-government organization.
- Involved Parties: Besides Sitharaman, the complaint names BJP chief JP Nadda, Karnataka BJP chief Vijayendra, and former BJP MP Naleen Kumar Kateel.
- Extortion Claims: The complaint alleges that the Finance Minister conspired with the ED to conduct raids on companies like Vedanta, Sterlite, and Aurobindo Pharma to extort money through electoral bonds.
- Political Reactions: Karnataka Chief Minister Siddaramaiah has called for Sitharaman’s resignation after the court order.
- Legal Uncertainties: It remains unclear if the police can conduct an investigation against the Finance Minister without approval from the President.
- Public Impact: The case has sparked significant public and political debate, highlighting concerns over transparency and accountability in political funding.
-
What Should You Do If You Receive Mysterious Credits of Rs 1 in Your Bank Account from an Unknown Source?
Why did you receive Rs 1 from an unknown source in your bank account? Learn critical steps to
-
Is It Good to Have Term Life Insurance for 80 Years at the Age of 27? Why to Consider
Explore whether opting for an 80-year term life insurance at age 27 is a smart financial move in
-
Central Bank of India Fixed Deposits: Maximize Wealth with 7.60% Interest Rates
Central Bank of India’s 2025 FD rates with up to 7.60% returns! Explore top schemes like Cent Green
-
Dream Big with SBI’s ₹35 Lakh Personal Loan: Low EMI, 7-Year Tenure Explained
SBI Personal Loan: Up to ₹35 lakh, 10.30% interest rates, minimal documentation, and no hidden costs. Compare with
-
Canara Bank Fixed Deposit: Why Canara Bank’s 444 Days Deposit Offers the Highest FD Rates
Canara Bank’s Fixed deposit rates! Earn up to 7.40% p.a. on FDs, with special schemes like 444 Days