Recent revelations surrounding the use of electoral bonds in India have spotlighted the significant financial contributions made to major political parties, with the Bharatiya Janata Party (BJP) emerging as the largest beneficiary, receiving over $720 million. Analysis of State Bank of India (SBI) data has uncovered that Future Gaming, identified as the DMK's largest donor, also contributed at least Rs 50 crore to the BJP, Rs 150 crore to the YSR Congress, Rs 47 crore to Trinamool Congress in October 2021, and a total of at least Rs 540 crore to Trinamool Congress, making it the second-largest beneficiary with Rs 285 crore till October 2022. Megha Engineering was revealed as the top donor to the BJP, donating the highest amount of Rs 586 crore. The Indian National Congress criticized the scheme as undemocratic, highlighting the disproportionate benefit to the BJP. The Election Commission of India's new data release, ahead of the national elections, sheds light on the ruling party's major donors under the now-banned political financing tool, including corporate giants Vedanta and a Reliance affiliate.
Narendra Modi's BJP took the lion’s share of over $720 million from a now-banned electoral bonds scheme, but who were the biggest donors? Read what the numbers reveal about funding for India’s political parties https://t.co/7XXFU3Ewd3 https://t.co/eejlAZxkN9
Narendra Modi's BJP took the lion’s share of over $720 million from a now-banned electoral bonds scheme, but who were the biggest donors? Read what the numbers reveal about funding for India’s political parties https://t.co/rC9XTOtyTu https://t.co/zVVktSRwDl
Politics continues over electoral bonds. The Election Commission recently made public a fresh dataset of electoral bonds, including their alphanumeric numbers that can help match their purchasers with the political parties that received the funds. "It's a non-level playing… https://t.co/BfpkHMJdXm
Ahead of the 2024 Lok Sabha elections, political contributions are under the scanner, with questions arising on who funds India’s top political parties and how, @Such_InkPen writes. https://t.co/yp8iSbgOC6
Do you know? 95% of value of Electoral Bonds: Sold in 30 Phases from Mar-2018 to Jan-2024: Came via 15,631 EBs purchased by donors of value of Rs.1 crore each. 15 of above EBs were not encashed Thus Political Parties received main donations via 15616 EBs of Rs.1 crore https://t.co/brSNCfxMac
India’s upcoming election could be the world’s most expensive this year. Where are the campaign funds coming from—and where is the money going? https://t.co/YijKxvdnGb 👇
#ElectoralBonds: Company Building Silkyara Tunnel That Collapsed, Trapped 41 Workers Donated Rs 55 Crore To BJP https://t.co/zCZ7WoJI0J
2nd-Biggest Donor Bought Some Electoral Bonds Close To Bagging Contracts https://t.co/jaSJcPlrmu https://t.co/BKjJ8tNpSU
Electoral Bonds: Infra Firm, Mining, Telecom Giant Are BJP's Largest Donors https://t.co/k0oVMwfXZ9 https://t.co/ZL1S7NZfwC
Firm Building Uttarakhand Tunnel That Collapsed Donated ₹ 55 Crore To BJP Through Electoral Bonds https://t.co/kQ7lD0o5Ag https://t.co/E5y0PjZyZM
#ElectoralBonds: Highest contributor Fomento donated entire Rs 13cr to BJP Read more: https://t.co/brwkTK3ibG https://t.co/PAS26LVCee
Corporate India in spotlight after political donor list release https://t.co/3sNLXElXlY
Reliance affiliate, Vedanta among top bond donors to Indian PM Modi's party https://t.co/hXo9JaekfH
ECI data: Coimbatore lottery tycoon Santiago Martin's Future Gaming emerges as big donor to TMC, DMK By @Dinesh_Unni https://t.co/xhS54VOwLC via @moneycontrolcom
Megha Engineering's biggest donation was to BJP, followed by BRS: Electoral bonds data By @rachitaprasad https://t.co/4UtCrMIInR via @moneycontrolcom
India’s Election Commission releases new information showing the ruling party’s biggest donors under a now-banned political financing tool. The data comes weeks before India’s national elections ⬇ https://t.co/BWwgWd7olw
STORY | Megha Engineering donated highest amount of Rs 586 crore to BJP READ: https://t.co/OHp6OTxEKN https://t.co/nfC6o6U65L
Top donors to Indian PM Modi's party include Vedanta, Reliance-affiliate, under opaque scheme https://t.co/cOPjS24uwN https://t.co/UEh6XSXk0E
#ElectoralBonds: Trinamool Biggest Beneficiary Of 'Lottery King' Donor https://t.co/bOvMwOvLFO https://t.co/3LYhLQ2EtV
India’s Election Commission released new information Thursday showing the ruling party’s biggest donors under a now-banned political financing tool https://t.co/OQAJBupfCD
Electoral bonds: Future Gaming gave at least Rs 540 crore to Trinamool Congress, its biggest beneficiary after DMK
TMC emerges as 2nd biggest beneficiary of Future Gaming's donations via electoral bonds, got at least Rs 285 crore till Oct 2022: SBI data
Electoral bonds: DMK's biggest donor Future Gaming also gave at least Rs 47 cr to Trinamool in Oct 2021, shows initial analysis of SBI data
DMK's biggest donor Future Gaming also gave at least Rs 50 cr to BJP, Rs 150 cr to YSR Congress, initial PTI analysis of SBI data shows
The electoral bonds have benefitted the BJP massively. On the other hand, the finances of the principal opposition party, the Indian National Congress, are under determined assault. This is unprecedented and undemocratic! https://t.co/0WjbEBUyLe