Electoral bonds world's biggest extortion racket: Rahul Gandhi

Congress leader Rahul Gandhi on Friday slammed the government over the issue of electoral bonds saying the concept is the biggest extortion racket in the world.

A few years ago, PM Modi spoke about the political finance system and electoral bonds were introduced. The concept is the biggest extortion racket in the world, he said.

"To take extortions from the companies... to take contracts from the companies... the entire list isn’t out, shell companies are there. It’s the biggest example of corruption



and scam in the world. It’s a way of intimidating corporates and taking money from them," Rahul Gandhi said while targeting the Modi government.

"This is a huge theft that is taking place, which is purely orchestrated by the Prime Minister," the Congress scion added.

Speaking on electoral bonds and the contracts given by Congress or other opposition party-governed states, Rahul Gandhi said, "The question here is that months after a contract was given, the corporate was giving electoral bonds to the BJP."