Electoral bonds: BJP obtained extra funds than the following 6 events mixed | Lok Sabha Elections News

electoral bond

ILLUSTRATION: AJAY MOHANTY

The Bharatiya Janata Party (BJP) has emerged because the frontrunner within the encashment of electoral bonds, securing a staggering Rs 6,060.5 crore between April 12, 2019, and January 24, 2024. This determine represents over 47.5 per cent of the overall bonds encashed through the interval.


Following carefully behind, the All India Trinamool Congress obtained Rs 1,609.50 crore (12.6 per cent) through electoral bonds, whereas the Congress secured Rs 1,421.9 crore (11.1 per cent), solidifying their positions because the second and third greatest beneficiaries of this funding scheme, that was struck down by the Supreme Court earlier this 12 months.

Notably, Future Gaming and Hotel Services PR, owned by lottery tycoon Santiago Martin, emerged as the only largest donor to political events through the aforementioned interval. The agency donated Rs 1,368 crore via electoral bonds, in keeping with information launched by the State Bank of India (SBI) and revealed by the Election Commission of India (ECI) on March 14.


Megha Engineering and Infrastructures Limited, headquartered in Hyderabad, secured the second spot on the checklist of prime donors, having contributed Rs 1,200 crore together with three related corporations. Other distinguished donors included Qwik Supply Chain Private Limited (Rs 410 crore), Haldia Energy Limited (Rs 377 crore), Vedanta Limited (Rs 375.65 crore), and Essel Mining and Industries Limited (Rs 224.45 crore), amongst others.


In whole, greater than 22 entities donated over Rs 100 crore every throughout this era, with electoral bonds price over Rs 12,155 crore being bought and over Rs 12,769 crore being encashed by political events.


This vital information has been made public by the ECI following the disclosure of data by SBI on March 12. The Supreme Court’s directive mandated the ECI to host this info on its web site by March 15.


On Friday, the Supreme Court additional directed the SBI to share the distinctive electoral bond numbers that might enable the linking of donors to their respective political contributions. The SBI is required handy on this info to the ECI by 5 pm on Saturday.

 

First Published: Mar 15 2024 | 2:25 PM IST