Bhushan says that the RBI Governor called the bonds a "fraud scheme" having implications on banking system and "possibility of misuse, more particularly through shell companies".

Bhushan says that the RBI Governor said that the Electoral Bonds could cause "reputational risk to the Reserve Bank

Bhushan says anonymous electoral bonds is "legalized corruption". Only SBI, which comes under Centre, knows the identity of donor. Even ECI is not aware, he submits.