Information on Electoral Bonds
Information on Electoral Bonds
The Election Commission of
India (ECI) has published comprehensive data regarding electoral bonds, in
compliance with a ruling from the Supreme Court. The details, sourced from the
State Bank of India (SBI), illuminate the primary buyers of electoral bonds and
the political entities that have profited from this contentious financing
mechanism.
The ECI has made available two distinct compilations on its
official website – one disclosing the identities of contributors who acquired
the bonds, alongside the dates and denominations of each transaction, and
another revealing the political parties that cashed in the bonds. The
information covers the period spanning from April 1, 2019, to February 15,
2024, encompassing a total of 22,217 electoral bonds sold.
Future Gaming, Megha Engineering Lead Donor Roll
Among the significant corporate contributors disclosed in the
data, two firms stand out for their considerable contributions through
electoral bonds. Future Gaming and Hotel Services Private Limited, a relatively
obscure entity currently under scrutiny by the Enforcement Directorate (ED),
emerged as the foremost purchaser of electoral bonds, with total acquisitions
amounting to Rs. 1,368 crore.
Following closely behind was Megha Engineering and
Infrastructure Limited, headquartered in Hyderabad and the recipient of
numerous major government contracts in recent times. Megha Engineering acquired
electoral bonds valued at Rs. 966 crore during the data-covered period.
Other Notable Contributors
Additional noteworthy corporate benefactors include Vedanta
Limited (Rs. 400 crore), DLF Group (Rs. 170 crore). The data also highlights
significant acquisitions by Haldia Energy (Rs. 377 crore), Qwik Supply Chain
Private Limited (Rs. 410 crore), and Keventer Foodpark Infra Limited (Rs. 194
crore).
Apart from corporate bodies, the electoral bonds data exposes
substantial contributions made by prominent industrialists and business moguls
in their personal capacities. Steel tycoon Lakshmi Niwas Mittal procured bonds
worth Rs. 35 crore, while the combined acquisitions of bonds by three companies
affiliated with Sunil Bharti Mittal amounted to Rs. 246 crore.
BJP Leads as Prime Recipient, Opposition Cries Foul
On the beneficiary front, the
Bharatiya Janata Party (BJP) emerged as the predominant recipient of
donations through electoral bonds. An examination conducted by the Association
for Democratic Reforms (ADR) indicates that the BJP garnered Rs. 6,566 crore,
constituting 54.77% of the total electoral bonds encashed between March 2018
and January 2024.
The Indian National Congress trailed behind significantly, receiving Rs. 1,123 crore (9.37%), followed by the Trinamool Congress with Rs. 1,092 crore (9.11%). Other major national and regional parties that received substantial contributions through electoral bonds include the Shiv Sena, AIADMK, TDP, YSR Congress, DMK, JD(S), NCP, BJD, Samajwadi Party, and AAP.
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