Sibal: The nomenclature suggests that electoral bonds means for the purpose of elections. There is nothing in the scheme which connects the donations made to the participation in the electoral process. It's a means for political parties to be enriched.

Sibal: I make a donation of 10 crores to a political party through Electoral Bonds. The party can give it to a mainstream media channel and say propagate my ideology or give a present to someone.

CJI: There is no spending requirement.

Sibal: None! You can spend this money however. You can build your office. You can set up a whole internet network throughout the country. You can use advertising campaign - show your face 20 times a day.