Last 10 years are proof of corporate appeasement: Asaduddin Owaisi

All India Majlis-e-Ittehad-ul-Muslimeen (AIMIM) President Asaduddin Owaisi has lauded the Supreme Court’s decision to scrap the electoral bond scheme and termed it “unconstitutional”, saying the apex court’s decision It shows. ‘What’s wrong’ with the ruling government, the Bharatiya Janata Party (BJP).

In a landmark judgment barely weeks before the Lok Sabha elections notifications are to be issued, the Supreme Court on Thursday struck down the Narendra Modi government’s 2018 electoral bond scheme of anonymous political funding. In a post on Twitter, the AIMIM chief, however, said the Supreme Court’s decision on the electoral bond scheme came ‘late’ and should have come earlier.

“I welcome the decision of the Supreme Court. The Supreme Court has held not only the bonds to be unconstitutional but also the amendment which allowed unlimited corporate funding. If these are unconstitutional and if they violate Article 19 ( 1) (a), then what should we say about the validity of elections from 2017? Isn’t this a big question mark on the validity and transparency of elections from 2017? According to the election watchdog’s report, 2022- The total donations declared by national parties for 23 were Rs 850.438 crore, of which Rs 719.858 crore went to the BJP alone.”

Taking a dig at the BJP, Owaisi said there is a clear ‘appeasement’ done by the ruling party to a minority – “a handful of corporates” – against the Prime Minister’s ‘lectures’ and ‘the last ten years are proof of it.’ “The Supreme Court’s decision has also come very late. It should have come sooner. But effectively, it tells us what is wrong with the ruling government. Modi says “development for all, appeasement for none” but there is clearly appeasement of a minority, and it is a handful of corporates who have disproportionately funded the BJP. BJP alone received the majority of funds (6500 crores out of 12 thousand crores) under the electoral bond scheme,” he said.

He further said that he has always been opposed to all corporate funding to political parties in his representation before the Standing Committee on Elections in 2017. “If unknown corporations and businesses can fund political parties, why would political parties fund people? What would the policy be?” Should be determined by businesses and corporations, not by people. The last ten years are proof of corporate appeasement, Owaisi said.

A five-judge Constitution bench headed by Chief Justice of India DY Chandrachud highlighted that “information about the financing received by a political party to enable a voter to effectively exercise his or her freedom to vote Is necessary.” The plan was unconstitutional. Holding the scheme to be a “violation” of the constitutional right to freedom of speech and expression and right to information, the court did not agree with the Centre’s contention that it was aimed at bringing transparency and curbing black money in political funding.

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