Billionaire tycoons to lesser-known entities among buyers of electoral bonds
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC and Mahindra and Mahindra were among the prominent buyers of the electoral bonds for making political donations
PTI
New Delhi, 14 March
From steel tycoon Lakshmi Mittal to
billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra
and Mahindra, and a lesser-known Future Gaming and Hotel Services were among
the prominent buyers of the now-scrapped electoral bonds for making political
donations.
The Election Commission put up on
its website the data on electoral bonds on Thursday, a day ahead of the Supreme
Court-fixed deadline. Future Gaming, which was probed by the Enforcement
Directorate in March 2022, bought electoral bonds worth over Rs 1,350 crore
under two different sets of companies. Among the known corporates, Agarwal's
Vedanta Ltd bought Rs 398 crore worth of bonds, while Sunil Mittal's three
companies together purchased a total of Rs 246 crore worth of bonds.
Steel magnate Lakshmi Niwas Mittal
bought Rs 35 crore worth of bonds in his individual capacity. Hyderabad-based
Megha Engineering, which has bagged contracts of several large infrastructure
projects, bought bonds worth Rs 966 crore.
While most of the bonds have been
issued in the name of political parties, the donations made to the Congress and
the Samajwadi Party were made in the name of 'President, All India Congress
Committee' and 'Adyaksha Samajvadi Party'.
Following a Supreme Court
directive, the State Bank of India, which was the authorised seller of
electoral bonds, had shared the data with the poll panel on 12 March. The top
court had given the Election Commission time till 5pm of 15 March to upload the
data on its website.
The EC has put the details on
'Disclosure of Electoral Bonds Submitted by SBI' in two parts -- one listing
the buyers and the other listing the beneficiary parties. In an affidavit filed
before the Supreme Court, the State Bank of India (SBI) said a total of 22,217
electoral bonds of varying denominations were purchased by donors between 1 April,
2019 and 15 February this year, out of which 22,030 were redeemed by political
parties.
According to the data uploaded by
the poll panel, the buyers of electoral bonds included Spicejet, IndiGo, Grasim
Industries, Megha Engineering, Piramal Enterprises, Torrent Power, Bharti
Airtel, DLF Commercial Developers, Vedanta Ltd., Apollo Tyres, Edelweiss, PVR,
Keventer, Sula Wines, Welspun, Sun Pharma, Vardhman Textiles, Jindal Group,
Phillips Carbon Black Limited, CEAT tyres, Dr Reddy's Laboratories, ITC, Kaypee
Enterprises, Cipla, and Ultratech Cement.
The parties that redeemed electoral
bonds include the BJP, Congress, AIADMK, BRS, Shiv Sena, TDP, YSR Congress,
DMK, JD-S, NCP, Trinamool Congress, JDU, RJD, AAP, the Samajwadi Party, Jammu
and Kashmir National Conference, BJD, Goa Forward Party, Maharashtrawadi
Gomantak Party, Sikkim Krantikari Morcha, JMM, Sikkim Democratic Front, and the
Jana Sena Party.
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