In a recent tweet, P. Chidambaram, a prominent Indian politician, expressed his concerns over the upcoming 28th tranche of Electoral Bonds, set to open on October 4th. Chidambaram referred to the event as a “golden harvest for the BJP”, implying that the majority of the anonymous donations, which he estimates to be around 90%, will go to the Bharatiya Janata Party (BJP).
He further criticized the system of electoral bonds, suggesting that it allows “crony capitalists” to make large anonymous donations as a form of ‘tribute’ to their political masters in Delhi.
In his concluding remark, Chidambaram described electoral bonds as “legalised bribery”, indicating his disapproval of the current system and its potential for misuse. His comments have sparked a debate about the transparency and fairness of political funding in India.