A Supreme Court-appointed expert committee has submitted its report examining the correlation between corporate donations through the now-struck-down Electoral Bond Scheme and government policy decisions, completing an inquiry that senior opposition leaders have described as the most significant probe into political financing in India's democratic history.

The report, whose contents remain sealed pending a scheduled Supreme Court hearing next week, is expected to be tabled before Parliament during the current monsoon session after the court considers whether its findings warrant direct remedial directions.

The Electoral Bond Scheme, introduced in 2018 and struck down by a five-judge constitution bench in February 2024 as unconstitutional, allowed corporations to purchase government-issued financial instruments and donate them anonymously to political parties. Data released following the court's order showed that approximately ₹16,000 crore had been purchased, with the ruling Bharatiya Janata Party receiving the largest share.

The expert panel, chaired by a former Chief Election Commissioner, spent fourteen months examining whether companies that purchased large bond tranches received regulatory approvals, government contracts, or favourable policy changes within a proximate timeframe.