Congress Candidate Alleges BJP Looted Rs 6,000 Crore Through Electoral Bonds

Congress candidate Rudra Raju accuses BJP of looting ₹6,000 crore through electoral bonds, calls for greater transparency in political funding ahead of 2024 elections.

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Rafia Tasleem
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Congress Candidate Alleges BJP Looted Rs 6,000 Crore Through Electoral Bonds

Congress Candidate Alleges BJP Looted Rs 6,000 Crore Through Electoral Bonds

Gidugu Rudra Raju, the Congress candidate for the Rajahmundry Lok Sabha constituency in the 2024 elections, has accused the Bharatiya Janata Party (BJP) of looting Rs 6,000 crore through electoral bonds. Rudra Raju questioned the donation of Rs 850 crore by a company that has a balance sheet of only Rs 250 crore, suggesting it could be a quid pro quo deal.

The Congress candidate also criticized BJP State president D Purandeswari for her "opportunistic politics," pointing out that she had previously served as a Union Minister in the Congress-led UPA government before leaving the party. Rudra Raju is set to file his nomination papers on April 22, with senior Congress leaders, including CWC member N Raghuveera Reddy, expected to be present.

Why this matters: The allegations of misuse of electoral bonds by the BJP raise concerns about transparency in political funding and the potential influence of corporate donations on the democratic process. The issue has gained significance in the run-up to the 2024 general elections, with opposition parties demanding greater accountability from the ruling party.

Union Finance Minister Nirmala Sitharaman recently stated that the BJP plans to reintroduce electoral bonds in a revised form after extensive consultations with all stakeholders if the party regains power in the 2024 general elections. The Congress has strongly criticized Sitharaman's remarks, alleging that the BJP has already looted Rs 4 lakh crore of public money through various corrupt practices and now seeks to continue the loot by restoring the electoral bonds scheme, which the Supreme Court had declared unconstitutional and illegal.

As the political battle heats up ahead of the 2024 Lok Sabha elections, Rudra Raju's allegations against the BJP and its state president have added fuel to the ongoing debate on electoral funding and corruption. The Congress candidate's decision to file his nomination on April 22 with the support of senior party leaders indicates the party's determination to challenge the BJP in the crucial Rajahmundry constituency.

Key Takeaways

  • Congress candidate accuses BJP of looting ₹6,000 cr through electoral bonds
  • Alleges a company with ₹250 cr balance sheet donated ₹850 cr to BJP
  • Criticizes BJP state president for "opportunistic politics" after leaving Congress
  • Congress demands accountability from BJP over electoral bonds and corruption
  • Congress candidate to file nomination on April 22 with senior party leaders