Thread by @barandbench

#ElectoralBonds: Attorney General KK Venugopal resumes his submissions.

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#ElectoralBonds: AG KK Venugopal stresses on two aspects.

1. Electoral bonds was introduced for elimination of black money
2. Matter of policy and no govt can be faulted for trying to do it.

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#ElectoralBonds: A very lengthy discussion between the judges on the Bench, more than 10 minutes now.

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#ElectoralBonds: One Political party can open only one current account for electoral bonds, Attorney General detailing safeuguards. #SupremeCourt

#ElectoralBonds: Government has put in every effort to ensure that identity of those donating funds through electoral bonds is not disclosed, AG KK Venugopal.

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#ElectoralBonds: Every illegal method to woo voters is adopted, that is the way of life, Attorney General KK Venugopal.

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#ElectoralBonds: To believe that black money does not play a part in is (unclear), it is a fact, AG KK Venugopal.

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#ElectoralBonds: If the govt seeks to stem the flow of black money, should court interefere? It is an experiment and should get the support of the court, AG KK Venugopal.

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#ElectoralBonds: Request Your Lordship not to interfere for the time being. Let it continue till the end of this elections, once the new govt comes to power, it will review the scheme, submits AG KK Venugopal.

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#ElectoralBonds: Political leaders travelling in helicopters, huge money spent. Where is this money coming from? It is black money, submits AG KK Venugopal.

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#ElectoralBonds: Bench again in discussion.

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#ElectoralBonds: Is the identity of the purchaser available to the bank? CJI Gogoi to AG.

Yes, because of KYC. However, the details of purchaser are kept confidential and forwarded to Central repository at the end of every month, says AG.

#ElectoralBonds: We want to know when bank issues an electoral bond on application by x or y whether bank will have details which bond has been issued to x and which to y, Gogoi to AG.

No, says AG.

If so your entire exercise of trying to fight black money becomes futile, CJI.

#ElectoralBonds: SBI has an account of what monies have been received through banking channels, says AG.

Now Justice Sanjiv Khanna quizzing AG.

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#ElectoralBonds: KYC which you have mentioned is only about identity of the purchaser. It is not a certificate of genuineness of the money - whether it is black or white, Justice Sanjiv Khanna.

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@pbhushan1

#ElectoralBonds: My response is that shell companies etc will continue even if electoral bonds are not there.

However Electoral bonds are not worse off than what is existing. So let it continue for now as an experiment, AG KK Venugopal.

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#ElectoralBonds: Centre submits that which bond has gone to which purchaser is something the bank does not know.

#ElectoralBonds: Their contention is voters have right to know.

Voters have right to know what? Voters dont need to know where money of political parties come from.

Also, there is the right to privacy after Puttuswamy judgment, submits AG KK Venugopal.

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#ElectoralBonds: Scheme of electoral bonds has nothing in it to curb black money.

It is just a new channel to donate money to political parties anonymously, @pbhushan1 in rejoinder submissions.

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#ElectoralBonds: Even now money can be donated in cash, submits @pbhushan1.

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#ElectoralBonds: 210 out of 220 cr electoral bonds purchased went to ruling party @BJP4India says @pbhushan1

#ElectoralBonds: Supreme Court reserves order, order will be pronounced at 10.30 am tomorrow.

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#ElectoralBonds: Voters don't have right to know source of funding of political parties, AG KK Venugopal

barandbench.com/electoral-bond…

Supreme Court will shortly pronounce its Interim Order on #ElectoralBonds

Breaking: Supreme Court directs all Political parties to disclose to Election Commission in sealed covers all particulars relating to donations received through electoral bonds by May 30 #ElectoralBonds #LokSabhaElections2019 #ElectionCommissionOfIndia @INCIndia @BJP4India

Breaking: Supreme Court directs all Political Parties to submit details of donations received through #ElectoralBonds #ElectionCommissionOfIndia #Elections2019 #LokSabhaElections2019 @BJP4India @cpimspeak @AamAadmiParty @INCIndia @MamataOfficial barandbench.com/supreme-court-…