Report: Modi’s Party Emerged as Top Beneficiary of Now-Banned Electoral Bonds

A little-known lottery company emerged as the top buyer of now-prohibited electoral bonds, raising concerns over political donor transparency in India. The Election Commission revealed the bond purchasers, including major corporations, after the Supreme Court’s ban. Modi’s Bharatiya Janata Party received the lion’s share of donations via these bonds over five years, sparking debate ahead of the upcoming elections.

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