Corporate-politics nexus likely to be out soon: SBI submits data on electoral bonds to ECI
The State Bank of India (SBI) on Tuesday evening submitted data on political contributions made through electoral bonds to the Election Commission of India (ECI), in accordance with the Supreme Court’s order.
The Election Commission will now collate and release the data by 5 p.m. on Friday, as per the court order.
The Supreme Court had on Monday rejected SBI’s plea to extend the March 6 deadline for submitting the data to the ECI.
A bench headed by Chief Justice D.Y. Chandrachud came down strongly on the bank for “willful disobedience” of its orders and warned it of contempt proceedings on Monday.
The SBI had claimed that it would take a considerable amount of time to collect, cross-check and release the data, which was stored in two silos to maintain secrecy.
In a verdict d...