There will be no SIT investigation of electoral bonds, Supreme Court dismissed all the petitions saying this

Electoral Bonds Case: The Supreme Court on Friday dismissed several petitions seeking a court-monitored investigation into the electoral bond scheme. A bench of Chief Justice D.Y. Chandrachud and Justice J.B. Pardiwala said that it would be inappropriate and premature to intervene at this stage under Article 32 of the Constitution. The Supreme Court said that it cannot order an inquiry into the purchase of electoral bonds on the assumption that it was a kind of transaction for awarding a contract. Let us tell you that the electoral bond scheme was canceled by the Supreme Court in February this year.

The court said this while dismissing the petitions

The bench, while dismissing the petitions, said, 'The court considered the petitions challenging the electoral bonds as it had the aspect of judicial review. But cases involving criminal wrongdoings should not be brought under Article 32 when remedies are available under the law. The Supreme Court was hearing petitions filed by NGOs 'Common Cause' and 'Centre for Public Interest Litigation' (CPIL) and others. The PIL of both the NGOs alleged clear collusion between political parties, corporations and investigative agencies under the guise of this scheme.

Electoral bond scheme was cancelled on 15 February

Let us tell you that the PIL of both the NGOs alleged 'clear transactions' between political parties and companies. Terming the electoral bond scheme as a 'scam', the petition requested to direct the authorities to investigate the source of funding of 'shell companies and loss-making companies' who donated to various political parties. The five-member Constitution Bench had cancelled the 'Electoral Bond Scheme' on 15 February. The State Bank of India had shared the data with the Election Commission after the apex court's verdict, which was later made public by the Commission.