-The Indian Express
The RTI documents also show that over the 12 phases, just four cities accounted for 83 per cent of all electoral bonds by value.
Electoral bonds with denomination of Rs 1 crore accounted for more than 91 per cent of the Rs 5,896 crore raised in the first eleven of the total twelve phases over which bonds were sold by select branches of the State Bank of India.
According to documents obtained by transparency activist Commodore Lokesh Batra (Retd) under the Right to Information (RTI) Act, bonds with a ticket size of Rs 1 crore (the highest available) and Rs 10 lakh accounted for almost 99.7 per cent of the total value of bonds sold in the first 11 phases between March 1, 2018 and July 24, 2019.
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