CEC: NEW PARTY FORMED EV­ERY OTHER DAY TO LAUN­DER MONEY

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Satya Prakash [email protected]­dus­tan­times.com

The chief elec­tion com­mis­sioner (CEC) has asked the I-T depart­ment to stop giv­ing ex­emp­tion to par­ties that don’t con­test elec­tions be­cause many of these out­fits could be fronts to siphon off black money. The EC sus­pects many par­ties, which ex­ist only on pa­per, might be tak­ing ad­van­tage of le­gal loop­holes to route dodgy cash. “There are over 1,900 reg­is­tered po­lit­i­cal par­ties in In­dia. Af­ter ev­ery two days a po­lit­i­cal party is reg­is­tered. They hardly con­test elec­tions. Many of them are used as con­duits for si­phon­ing off black money,” CEC Nasim Zaidi said.

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