Electoral Bonds data – List of Top donors and Collection of political parties

Electoral bond scam

Congress General Secretary Jairam Ramesh criticized the electoral bonds scheme as the “largest scam of independent India,” expressing dissatisfaction with the incomplete data provided by the Election Commission (EC). He clarified that the Congress doesn’t oppose electronic voting machines (EVMs) but advocates for the incorporation of voter verifiable paper audit trail (VVPAT) to assure voters that their votes are accurately recorded.

electoral bond

Compilation of top buyers

  • Future Gaming and Hotel Services: ₹1,368 crore
  • Megha Engineering and Infrastructure Ltd: ₹966 crore
  • Qwik Supply Chain Private Ltd: ₹410 crore
  • Vedanta Ltd: ₹400 crore
  • Haldia Energy Ltd: ₹377 crore
  • Bharati Group: ₹247 crore
  • Essel Mining and Industries Ltd: ₹224 crore
  • Western UP Power Transmission: ₹220 crore
  • Keventer Foodpark Infra Ltd: ₹194 crore
  • Madanlal Ltd: ₹185 crore
  • DLF Group: ₹170 crore
  • Yashoda Super Speciality Hospital: ₹162 crore
  • Utkal Alumina International: ₹145.3 crore
  • Jindal Steel and Power Ltd: ₹123 crore
  • Birla Carbon India: ₹105 crore
  • Rungta Sons: ₹100 crore
  • Dr Reddy’s: ₹80 crore
  • Piramal Enterprises Group: ₹60 crore
  • Navyuga Engineering: ₹55 crore
  • Shirdi Sai Electricals: ₹40 crore
  • Cipla Ltd: ₹39.2 crore
  • Lakshmi Niwas Mittal: ₹35 crore
  • Grasim Industries: ₹33 crore
  • Jindal Stainless: ₹30 crore
  • Bajaj Auto: ₹25 crore
  • Sun Pharma Laboratories: ₹25 crore
  • Mankind Pharma: ₹24 crore
  • Bajaj Finance: ₹20 crore
  • Maruti Suzuki India: ₹20 crore
  • Ultratech: ₹15 crore
  • TVS Motors: ₹10 crore
  • Edelweiss Group: ₹4 crore

14 donors were raided by ED, CBI and IT officials.

  • Future Gaming
  • Megha Engineering
  • Haldia Energy Limited
  • Vedanta Limited
  • Yashoda Super Speciality Hospital
  • DLF Commercial Developers Limited
  • Jindal Steel and Power Limited
  • Chennai Greenwoods Private Limited
  • Dr Reddy’s Laboratories Limited
  • IFB Agro Limited
  • NCC Limited
  • Divi’s Laboratory Limited
  • United Phosphorus India Limited
  • Aurobindo Pharma

 

 

 

Between April 2019 and January 2024, at least 14 of the top 30 companies purchasing electoral bonds faced scrutiny from central or state probe agencies, as per data from the State Bank of India released by the Election Commission (EC). Future Gaming and Hotel Services, for instance, donated Rs 1,368 crore despite facing Enforcement Directorate (ED) asset attachments totaling over Rs 409 crore in a money laundering case. Megha Engineering and Infrastructure Limited donated Rs 966 crore following Income Tax department raids in October 2019. Similarly, Haldia Energy Limited contributed Rs 377 crore while being investigated by the Central Bureau of Investigation in March 2020. Vedanta Limited, with a collective donation of Rs 400 crore, experienced an ED raid on one of its group companies in August 2022. These instances indicate significant financial contributions to electoral bonds despite ongoing legal scrutiny.

Funds received by political parties in donations through electoral bonds between April 2019 and January 2024

  • BJP: ₹6,060.51 crore
  • Congress:  ₹1,421.86 crore
  • AAP: ₹65.45 crore 
  • BSP, CPI(M) and NPP: did not receive any funds through electoral bonds.
  • Regional parties:  ₹5,221 crore (Trinamool Congress alone raised ₹1,609.53 crore)
  • Bharat Rashtra Samithi: ₹1,214.70 crore
  • BJD: ₹775.50 crore
  • DMK: ₹639 crore
  • YSRCP: ₹337 crore
  • TDP: ₹218.88 crore
  • Shiv Sena: ₹159.38 crore.

On Friday, Congress President M Mallikarjun Kharge called for a dedicated inquiry into the electoral bonds program, highlighting that the ruling party had accumulated ₹6,060 crore through it over five years. Kharge advocated for freezing the BJP’s bank accounts until the investigation concludes. Additionally, he brought attention to the timing of various companies purchasing electoral bonds shortly after undergoing raids by central agencies like the Enforcement Directorate and Income Tax Department.

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