Former Chief Minister S.M. Krishna rued the erosion of democratic values in the country and the growing strength of money power in elections in the present times.
He was speaking at a function held to felicitate senior leader V. Srinivas Prasad who completed 50 years in electoral politics and has announced his retirement from it, on Sunday.
He said in the present scenario elections are contested and won on money power and candidates are known to spend over ₹100 crore to ₹150 crore.
