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may i please my lord?
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are issued.
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actually, there are four.
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but in so far as the purchases are concerned, everything has been remitted back to
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the mumbai central main branch.
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except. i'm sorry, my lord. your lordship is right.
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it is not kept at one place because the reason if your lordship just sees
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an earlier para.
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my lord was pleased to see para ten, if your lordship just sees para five
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and seven.
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that's why the problem is has risen in this case.
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paragraph five said central government framed the electoral bond scheme, which provided that the information
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the issuing bank shall herewith stop issuance of electoral bonds. that's been done.
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furnished by the buyer shall be treated as confidential and the bank - shall not
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be disclosed by any authority for any purpose.
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we knew this is sensitive information, so a physical procedure was devised.
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you sort of did a kyc and you kept the name in that.
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and once that was cleared then only the bond number was cleared, and then the
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bond number was used for further purchases.
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the money came to people who didn't know who the money was - who the
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real name of the purchaser.
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they just knew this was a cleared account, so.
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it came into a bond payment account, and from the bond payment account it was
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state bank of india shall submit details of electoral bonds purchased since the interim order
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given.
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and it was done precisely to prevent this kind of gossip coming out saying so
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and so has purchased so much.
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now my lord, para seven if you see the sop, because this is not something
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we've done.
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this is the original sop, said, no detail.
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mister salve, ultimately even your faqs, which were shown to us during the course of
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the hearing, the faqs indicate that for every purchase you have to have a separate
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kyc. yes, we have that.
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we have that.
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of the court of the twelfth of april, twenty nineteen till date to the eci.
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therefore, it's very clear that every time somebody made a purchase, a kyc was mandated.
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there was one set of documents, namely the electoral bond application form, kyc documents, citizenship
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documents, and pay-in slips.
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there's no issue.
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we have the details.
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please don't misunderstand me.
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therefore, you have the details.
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no, no, i have the details.
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i am sorry.
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i am not saying it is not there.
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the detail shall include the date of purchase of each electoral bond. that is no
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one-minute mister salve. now paragraph ten you specifically say that all the purchases.
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details have been kept in a sealed cover in the main branch of the applicant
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bank. correct my lord. you just have to simply open up the sealed cover and
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collate the names and give the details.
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as far as paragraph eleven is concerned, then also you are saying that the donors’
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details are being kept in a sealed cover.
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envelope in a sealed cover.
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open up the sealed cover and give the details.
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in fact,.
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until my lord, where the only bit of information.
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problem.
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if i'm not mistaken, the ec was asked to file an affidavit, which, in a
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sealed.
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affidavit, or details in a sealed envelope, which we have not opened.
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which we have not opened, with regard to the donor details and other details, during
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the course of hearing, which they may have filed.
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my lord, my problem is this, with respect.
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in fact, just responding to what my lord has said - there are.
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i have full details of who purchased the bond, but that's put in one silo
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of information.
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i have full details of where the money came from, which is in a second
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the name of the purchaser of the bond and the denomination of the electoral bond
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silo.
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and i have a complete detail of which political party tendered how many bonds and
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who has been paid how much.
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that's an easy ask.
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that can be given straight away.
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the problem is, one, i have to now put the name of the purchaser, which
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is in the first sealed packet and these are all physically kept.
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they were not put into the banking system.
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and each form will have to be taken out - the name checked.
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that name now correlated to the payment detail, and the payment detail correlated to the
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purchased.
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bond.
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and finally, that's where the bond number gets generated, and then we can connect as
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to which political party, who has given that money.
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that has not been asked, mister salve. we have to give direction to correlate it
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with the purchaser and the political party.
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my lord, para seventy six just suggests that.
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would your lordships just see it for a moment.
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don't go by what is suggested.
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whatever you wanted to speak was spoken in black and white.
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no. no. in that, my lord, your lordships please see that sentence.
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the sbi should submit details of political parties which have received contribution through the electoral
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we have no desire at all to try and expand our own job, my lord.
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please see seventy six.
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this, by itself, is creating difficulties.
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my lord, your lordships say - 'the detail shall include date of purchase of bond,
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no problem.
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but the moment i have to give the detail of the name with the bond
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number, that is taking time because we have deliberately put these into silos'.
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if your lordships want only the details of who purchase the bonds, we can give
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that straight up.
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mister salve, our judgement is dated fifteenth of february, twenty twenty four.
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