The company had also donated to BJP within five days of its promoter P Sarath Chandra Reddy’s arrest in the alleged Delhi Liquor Scam. Reddy later got bail and turned approver against Arvind Kejriwal.
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The company had also donated to BJP within five days of its promoter P Sarath Chandra Reddy’s arrest in the alleged Delhi Liquor Scam. Reddy later got bail and turned approver against Arvind Kejriwal.
Over the years the Association of Power Producers got government to make favourable policy changes while its members and entities linked to them together donated at least Rs 516 crore to BJP
Thanks to a tiny tweak in the law, at least 16 of top 200 firms among donors donated despite running in loss, many gave excessively
The group did not make much profit, but was generous to political parties.
Future Gaming’s business remains baffling with its high revenue, mysteriously low profit and eye-popping high electoral bond donations to political parties
While a top Reliance official donated entirely to the BJP, a firm linked to the Group gave 91% of its donations to the ruling party.
Union Finance Ministry forced SBI to accept expired bonds, against its own rules, in favour of BJP, show new disclosures
Only DMK, JD(S) and Maharashtrawadi Gomantak Party submitted complete details of electoral bond donors and donations till the end of 2023
Election Commission’s fresh tranche of documents reveal how Tamil Nadu Chief Minister MK Stalin’s party received total Rs 656.5 crore in electoral bonds
RJD and Goa Forward Party, in their declarations to EC, revealed they received funding from Prudent Electoral Trust via electoral bonds
India’s Energy industry has donated nearly 30% of the total donations in electoral bonds. Such political donations hint at the existence of a new licence raj.
The company faced Income Tax raids when Ramesh was with Telugu Desam Party. The mining and infrastructure firm, run by his son and brother, hold key government contracts
Centre’s decision to curb cheaper imports boosted company’s business, despite Competition Commission’s finding that it abused dominant market position
For the past few years, Sun Pharma’s drug manufacturing unit in Tamil Nadu courted allegations of environmental violations
He was an accused in the controversial 2005 Sohrabuddin encounter case and later acquitted by the CBI court
Kotak group’s financial services provider firm Infina Finance donated Rs 60 crore in electoral bonds
Ramky group which owns the construction company has faced ED, CBI and Income Tax raids on multiple occasions
The Electoral bond scheme allowed individuals to donate to parties, providing a tool to companies wishing to keep donations away from scrutiny
Future Gaming and Hotel Services Private Limited has been in news after its property worth over Rs 400 crore was attached by Enforcement Directorate
Over Rs 500 crores through electoral bonds were donated by the group soon after it faced ED enquiries for an alleged disinvestment scam
It is the second highest donor after Future Gaming and Hotel Services
The third largest donor, Qwik Supply Chain donated Rs 360 crores to political parties in the year it made a profit of mere Rs 21.72 crores.
TRC investigation exposed the role of the two firms that played a key role in rigging bids during the country’s first ever coal auction, to help the group’s flagship firm win the coal mine block
At The Reporters’ Collective, we have investigated the electoral bonds since its inception, uncovering every possible layer of this scheme that the Supreme Court recently struck down for being illegal. Just like we have followed the case till now, we will continue to track the donors and receivers of electoral bond donations. You can read here all the stories we have done on them. We need your support to investigate further and sustain this tracker. An independent media is important for an efficient democracy.
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The Income Tax department has asked donors to divulge details of all contributions made to political parties through cash, cheque, or any other mode. Enforcement agencies will soon have this data, but the citizens will stay in the dark.
Supreme Court has not heard the Electoral Bond case for more than 2 years after receiving data from parties in a sealed cover. That has let the belief spread that Electoral Bonds were encashed by 105 political parties and the BJP’s claim that bonds are an efficient way to allow “donation to any political party of donors’ choice”.
The State Bank of India (SBI) has asked the Supreme Court time till June 30 to provide details of electoral bonds. While SBI moves sluggishly in disclosing the names of those who played secret santas to political parties saying it is a laborious task, the bank has in the past displayed stunning agility in fulfilling similar government inquiries.
Documents reveal that all the costs associated with electoral bonds are paid from the Consolidated Fund of India, which includes all tax revenues
However, the bank regularly shares updates on the controversial funding scheme with the finance ministry, documents reveal
Documents obtained under RTI also reveal that crucial discussions on allowing shell companies to secretly fund political parties were not officially recorded
Modi govt's bizarre justification: Corporates should be allowed to donate secretly because they have a Right to Life under the Constitution which overrides citizens' right to information and is equal to citizen's right to secret ballot!
The Modi government claimed repeatedly that donors asked for electoral bonds due to fear of political retribution if they used transparent methods of funding. An RTI reply shows this was a lie
The bonds worth Rs 10 crore were redeemed soon after the 2018 Karnataka state elections resulted in a hung assembly. The bonds had been purchased in a special sale window opened at the direction of Prime Minister Modi's office
The State Bank of India (SBI) maintains a secret number-based record of donors who buy electoral bonds, and the political parties they donate to. Law enforcement agencies can request access to this record
Prime Minister Narendra Modi's office directed the finance ministry to break its own rules to approve the special and illegal sale of electoral bonds just before critical state assembly elections
A confidential note reveals that finance ministry officials intentionally misled the Election Commission in an effort to dilute its opposition to the electoral bond scheme
Former finance minister Arun Jaitley took just hours to dismiss the RBI's warning that electoral bonds could funnel black money into politics and destabilise the Indian currency, documents show
