News analysis

Murky world of political financing in India comes under spotlight ahead of general election

Government-owned lender State Bank of India released the list of donations given to political parties and companies on March 21. PHOTO: EPA-EFE
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NEW DELHI – The revelation that companies being investigated for crimes like money laundering donated billions of rupees to political parties has given voters a rare insight into the murky world of political financing in India, ahead of the upcoming general election.

The hitherto anonymous benefactions came to light after a controversial electoral bond scheme was scrapped in February by India’s top court, which also ordered that details of the donations be made public.

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