National Desk, 15th March: More than half of the top 30 companies that donated to political parties via the now-defunct electoral bonds scheme are facing investigations by various enforcement agencies, including the Enforcement Directorate (ED), Central Bureau of Investigation (CBI), and Income Tax department. The intensity of these investigations varies, with some companies facing case filings and raids on their premises, while others have had their assets attached by the Enforcement Directorate. Notable entities under scrutiny include Future Gaming and Hotel Services, Megha Engineering and Infrastructure Limited, Haldia Energy Limited, Vedanta Limited, and Yashoda Super Speciality Hospital.
The recently published Electoral Bonds data by the Election Commission reveals the extent of political contributions made by these companies. Future Gaming and Hotel Services emerged as the top buyer of electoral bonds, purchasing bonds worth over Rs 1,350 crore. Owned by Santiago Martin, a prominent figure in the lottery industry, the company leads the list. Following closely is Megha Engineering and Infrastructures Ltd (MEIL), a Hyderabad-based infrastructure giant, which bought bonds worth Rs 966 crore. Notable donors also include Anil Agarwal’s Vedanta Ltd and Airtel owner Sunil Mittal, through three companies, with contributions totaling Rs 398 crore and Rs 246 crore, respectively.
These revelations underscore the significant financial influence wielded by corporations in the political landscape. Moreover, the ongoing investigations highlight the scrutiny faced by firms involved in political donations, raising pertinent questions about transparency and accountability in the electoral process.
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