SBI's Biggest Fraud in Independent India: Electoral Bond

 Stupid Indian Media can't even Analyse SBI's fraudulent Data: Even Supreme Court Lordships are all at sea, seeing such large data.

Corrupt SBI bankers were banking that if they toss a few company names, Indian Media won't check the completeness of this data and that has happened. Indian Media is busy gobbling up the names and even showcasing "Corrupt Companies" who donated "Electoral Bonds" (as Supreme Court has suggested for "Quid Pro Quo" deals) as "Top Political Donors".

So let's analyse what SBI has done :

They handed over two INCOMPLETE reports saved as PDF files and Election Commission Of India has released them in "as is" form on the website . 

Technically , it didn't take SBI back-office guys even 10 minutes to do it.

First let us look at the donor file:

 

Just a 3 column report, showing Purchase date, Purchaser Name and Denomination mentioned in that Electoral Bond. 

The data is arranged by Purchase date (earliest first) and then Name of the Purchaser (arranged alphabetically) and then perhaps by THE HIDDEN ELECTORAL BOND ID .

Every line denotes a single Electoral Bond.

 132 Electoral Bonds of Rs. 1000

  220 Bonds of Rs. 10,000

  2228 Electoral Bonds of 100,000 ( 1 lakh)

  4620 Bonds of 1 million rupees (10 lakh)

 11671 whooping number of Bonds of 10 million (1 crore) each.

Note: Earliest data here is from 12/April/2019. Which is in the middle of "Electoral Bond" sale ahead of last Parliamentary election in the year of 2019. Why Supreme court allowed "half of an election cycle" data, is beyond me.

In this dataset published by Election Commission, SBI cashed out More money to Parties than the Bonds they sold.

Or Deliberately gave incomplete data:

Let us look at the data of encashing of Bonds now.. lets start at page one of the PDF shall we!

 

 Just a 3 column report, showing date of Encashment, Party Name and Denomination mentioned in that Electoral Bond.

The data is arranged by Date (earliest first) and then Name of the Party (arranged alphabetically) and then perhaps by THE HIDDEN ELECTORAL BOND ID . Note that AIADMK name comes at the top in Page 1 only because of Alphabetical ordering of this list.

Here also the first entry is from 12th April, 2019.

Every line denotes a single Electoral Bond.

 103 Electoral Bonds of Rs. 1000 each

  219 Bonds of Rs. 10,000

These two data for lower denominations are marginally lower than bonds sold as investigative journalists bought a few to check what is inside the so called "Anonymous Bonds" ..

  2526 Electoral Bonds encashed of denomination of Rs. 100,000 ( 1 lakh) against 2228 Bonds sold, that's an excess of 298 Bond certificates.

  5366 Bonds of 1 million rupees (10 lakh) cashed out by SBI while they only sold 4620 bond certificates in the same date period.  Excess of 746 certificates.

 12201 , that's 536 massive number of excess Electoral Bonds of 10 million (1 crore) denomination encashed by SBI as they sold that grand number of 11671 .

So SBI has hidden over 1500 Electoral Bond Purchases amounting to values of over 600 crores from the period of 12th April, 2019. If only the Lordships knew HOW TO ADD NUMBERS hidden in a PDF files, they would have figured it out themselves. Or SBI must have paid over 600 crore to some political party on their own.

 Fraud started from DAY 1, that is, 12/April/2019.. 517 Electoral Bonds were encashed from SBI, while only 279 Electoral Bonds were sold that day by SBI.

Pattern continues on next day also, 15/April/2019, only 187 Electoral Bonds sold by SBI but 248 Electoral Bonds encashed by various Political parties. 

16/April/2019, 392 bonds encashed while SBI sold only 350 Electoral Bonds.

 

Proving beyond any doubt that SBI has indeed hidden Electoral Bond data, especially who purchased such bonds ..

Rejoinder: Supreme Court has indeed picked up issues with this list, as critical "Unique Electoral Bond ID" is missing, when I was busy doing analysis of the data.  But SBI has furnished Incomplete Data and I guess nobody added the total of Both lists and noticed the discrepancy as yet. 

 

In spite of different font size,  this should have been obvious to all as Purchase data in released in 337 page PDF while encashment data is released in 426 page PDF.

 

 So SBI has hidden at least 1550 Electoral Bond Purchase data and the value of those Bonds are at Least 613 crore 57 lakh 61 thousand rupees. AT LEAST!!!