Congress moves Supreme Court over foreign funding
New Delhi: The Congress Wednesday moved the Supreme Court challenging a Delhi High Court verdict that held it and the BJP guilty of receiving funds from the subsidiaries of Britain-based Vedanta Resources, flouting norms of the Foreign Contribution (Regulation) Act (FCRA).
The Congress sought stay of the March 28 high court order which had prima facie found both the Congress and the Bharatiya Janata Party (BJP) guilty of violating the foreign contribution statute and had asked the central government and the Election Commission to initiate appropriate action against them within six months.
The high court had directed the home ministry and the poll panel to "relook and reappraise the receipts of the political parties" to identify foreign donations and take action within six months.
The high court order had come in response to a plea filed by the Association for Democratic Reforms contending that Vedanta Resources and its subsidiary companies in India - including Sterlite Industries, Sesa Goa and Malco - of allegedly donating several crores of rupees to major political parties.
The high court had come to the conclusion that "Vedanta is a `foreign company` within the meaning of the Companies Act, 1956 and therefore, Vedanta and its subsidiaries are a `foreign source` as contemplated under the FCRA.
"Prima facie the acts of the respondents (Congress and BJP) inter se, clearly fall foul of the ban imposed under the FCRA as the donations accepted by the political parties from Sterlite and Sesa accrue from `foreign sources` within the meaning of law," the High Court had said.
The FCRA prohibits any financial contribution from any foreign source or company to a political party registered in India.
More from India
More from World
More from Sports
More from Entertaiment
- There will be earthquake if I speak on demonetisation: Rahul Gandhi
- Opposition observes 'black day' to mark one month of demonetisation
- Zee Media Exclusive: A reality check on public opinion on notes ban!
- Panel discussion on the decision of demonetisation
- Watch shocking visuals - Speeding car rams pedestrians in Kolkata, 3 killed
- Mongolia seeks India's financial aid, Chinese official media says it's 'insane'
- SC asks govt if demonetisation was confidential; to judge if policy unconstitutional
- Reliance Jio effect: Airtel offers free unlimited local and STD calls with 4G data at Rs 145
- OMG! Man punches Kangaroo in face to save dog – Watch video
- Disruption of Parliament not acceptable, for God's sake, do your job: President Pranab Mukherjee to MPs