If RBI agrees to issue EBs in scrip form, it will be accused of acquiescing in the process in spite of the risk that it would almost inevitably result in money laundering,” Urjit Patel, Governor of Reserve Bank of India had written two letters to Arun Jaitley, Finance Minister of India.
“Issue of EBs (Electoral Bonds) in scrip (physical) form is fraught with serious risk of money laundering … If RBI agrees to issue EBs in scrip form, it will be accused of acquiescing in the process in spite of the risk that it would almost inevitably result in money laundering,” Urjit Patel, Governor of Reserve Bank of India had written two letters to Arun Jaitley, Finance Minister of India. He stated that the issuance and introduction of Electoral Bonds is going to encourage money laundering and accumulation of unaccounted money. Soon after that Urjit Patel resigned.
It’s because Arun Jaitley was the mastermind and a grand Chanakya who was unquestionable in the NDA Government, that no one questioned, the biggest economic scam, that has dented the accountability factor. Today Narendra Modi’s Government has to answer for the terrible chaos that’s created by frauds of Electoral Bonds purchased by Business Honchos and corruption in political parties, for quid pro quo.
ADR of Prashant Bhushan, Sr. Advocate has clearly unravelled the terribly dirty money, dirty political parties, dirty business men and crony capitalism! Shameful indeed! Let’s await as to what will be It’s outcome for the future generations!
Prof. Neelam Mahajan Singh
(Sr. Journalist, Author, Doordarshan Personality, Solicitor for Human Rights Protection and Philanthropist)
singhnofficial@gmail.com
