- 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 to Do If Two People Are Issued the Same PAN Card Number in India: Legal Steps and Solutions
what to do if two people are issued the same PAN card number in India? Learn legal steps
-
Loan Write-Off vs. Loan Waive-Off: How Loan Settlements Can Haunt You for Years
Understand the key differences between loan write-off and loan waive-off – their meanings, tax implications, and impacts on banks & borrowers. Learn
-
PAN Card Inactive? Rs 10,000 Fine Per Transaction – Fix It Before You Face a Fine!!
Using an inoperative PAN? Beware of a Rs 10,000 fine per transaction! Learn why your PAN may become
-
EMI Not Deducted? Here’s Why Your Bank ‘Skipped’ Payment – Don’t Pay Penalty Until You Read This!
Worried your EMI wasn’t deducted on the due date? Learn why it happens (low balance, technical glitches, holidays), potential penalties, and immediate steps to avoid
-
How Long Does It Take to Transfer Money Between Two Different Banks in India Online or by Phone?
How long do interbank transfers take in India? Online/phone transfers via NEFT, RTGS, IMPS, or UPI range from 5 seconds to
-
KYC Deadline Approaching? Here’s the Fastest New Way to Comply
Big KYC update relief! RBI now allows Business Correspondents (BCs) to update KYC for bank accounts, making the process faster
