NEW DELHI (TIP): The Congress on April 4 alleged that the nation has had to pay a price as the BJP’s “compulsion” to get donations at all costs prompted the government to come up with the electoral bond scheme despite the Reserve Bank of India’s advice against it.

Congress General Secretary (Communication) Jairam Ramesh made these remarks on The Hindu news report on Thursday, April 4, that pointed out how 33 loss-making firms donated electoral bonds worth ₹576.2 crore, out of which 75% was enchased by the BJP.
“There are four primary channels of corruption in the Electoral Bond Scam, and with each passing day, more examples emerge to confirm the shocking reality of the corruption which has engulfed this country through Narendra Modi’s encouragement. An update on the latest revelations on the ‘Farzi Companies’ who have been donating chanda to the BJP Chanda Do, Dhandha Lo; Theka Lo, Rishvat Do; Hafta Vasuli; Farzi [shell] Companies,” Mr. Ramesh said in a post on X (formerly Twitter), tagging the news report.

The Congress leader alleged that the shell companies were merely acting as fronts for other companies.

“When the Electoral Bonds Scheme was first floated by the Modi Sarkar, the RBI raised concerns regarding the high possibility of it being used for money laundering. The BJP’s compulsion to get chanda at all costs saw it go ahead with this scheme without heeding this astute advice. The nation has paid the price!” Mr. Ramesh said in his post.