Thread by @jamewils

Govt Made SBI Accept Expired Electoral Bonds Sold In Illegal Window!!!

Where are our anti-corruption crusaders who take New Delhi on hostage?

@nit_set here bares all naked corruption done by Emperor in the guise of transparency!

huffingtonpost.in/entry/narendra…

Just ahead of the Karnataka assembly elections in May 2018, as HuffPost India has previously reported, Prime Minister Modi’s Office asked for an unscheduled 10-day window from May 1 to May 10, when anonymous donors could buy bonds to donate funds.

Amen 🙏

Howdy Modi? 🤣🤣🤣

Half the bonds had been bought on 3 May 2018 and the other half on 5 May 2018, and both, SBI noted, had expired as their 15 calendar-day period of redemption had lapsed.

On May 24 2018, Mrutyunjay Mahapatra, then the bank’s deputy managing director, wrote on behalf of SBI Chairman Rajnish Kumar to the Finance Ministry, asking whether they should allow the redemption of these expired bonds.

"We request you to clarify the matter as to whether as on the date of receipt of the bonds at our counters, 15 working days or 15 calendar days are to be counted as validity period,” Mahapatra asked in the letter on behalf of the SBI chairman

The finance ministry acted with alacrity. The very same day, an official drafted a response. 

Vijay Kumar, deputy director in the economic affairs ministry, said, “This is clarified that the stipulation means a total of 15 days, including non-working days in between.”

Hence, the bonds had lapsed and as per the rules, the money was to be donated to the Prime Minister’s National Relief Fund, an official, non-partisan fund used for charitable works, and to provide immediate relief to those affected by natural disasters.

Kumar, DD, MoF then wrote, “As some amount of lack of complete clarity may have been witnessed in the bonds issue in last windows, SBI may grant credit to such bond holders of bond purchased before 10 May, 2018 if the bonds were deposited in 15 working days.”

Bend it like Modi

This letter was approved by the secretary of the department of economic affairs, S.C. Garg, the highest-ranking official in the department. The response was sent back to the SBI chairman the same day!

Lessons on gaming the system!!!

The SBI headquarters informed its New Delhi main branch and before the day was over, the political party, or parties, involved were allowed to redeem the expired bonds worth Rs 10 crore, that were bought on 5 May 2018. 

Amazing...na?

No corruption...Modi..Modi...Modi

"Which party was done this favour with such alacrity and speed?” Commodore Lokesh Batra (Retd.), the transparency activist who unearthed these documents, said in an interview with HuffPost India.

Salute Commodore Lokesh Batra (Retd.) for bringing out this truth!