News Arena

Join us

Home
/

ec-records-show-15-notable-corporate-figures-including-lakshmi-mittal-bought-electoral-bonds

Nation

EC records show 15 notable corporate figures, including Lakshmi Mittal, bought electoral bonds

According to the data, the BJP has emerged as the top recipient of funds through electoral bonds since their introduction in 2018, totalling Rs 6,986.5 crore. Following closely were West Bengal's ruling party, the Trinamool Congress, with Rs 1,397 crore, the Congress with Rs 1,334 crore, and BRS with Rs 1,322 crore.

- New Delhi - UPDATED: March 19, 2024, 09:42 AM - 2 min read

Images of Notable businessmen who bought electoral bonds.

EC records show 15 notable corporate figures, including Lakshmi Mittal, bought electoral bonds

From left to right: Reliance's LV Merchant, Laxmi Mittal-owner of ArcelorMittal, Indigo's Rahul Bhatia.


The Election Commission of India's (ECI) release of electoral bond information reveals that 333 individuals purchased bonds totalling Rs 358.91 crore from April 2019 to January 2024.

 

According to a report by Indian Express, among these individuals, 15 are prominent corporate figures holding significant positions. These 15 individuals accounted for Rs 158.65 crore or 44.2% of the total.

 

Below is the list of 15 individuals:

 

Lakshmi Niwas Mittal (ArcelorMittal): Rs 35 crore

 

Laxmidas Vallabhdas Merchant (Reliance Life Sciences): Rs 25 crore

 

Rahul Bhatia (IndiGo): Rs 20 crore

 

Inder Thakurdas Jaisinghani (Polycab Group of Companies): Rs 14 crore

 

Rajesh Mannalal Agarwal (Ajanta Pharma Limited): Rs 13 crore

 

Harmesh Rahul Joshi & Rahul Jagannath Joshi (Om Freight Group of companies): Rs 10 crore each

 

Kiran Mazumdar Shaw (Biocon): Rs 6 crore

 

Indrani Patnaik: Rs 5 crore

 

Sudhakar Kancharla (Yoda Group): Rs 5 crore

 

Abhrajit Mitra (Searock Infraproject Private Limited): Rs 4.25 crore

 

Sarojit Kumar Dey (JD Agro Development Private Limited): Rs 3.4 crore

 

Dilip Ramanlal Thacker (Samudra Real Estate Private Limited; Jade Minerals & Mines Private Limited): Rs 3 crore

 

Prakash Balwant Mengane (Shreenath Stapatya India Private Limited): Rs 3 crore

 

Nirmal Kumar Bathwal (Penguin Trading & Agencies Limited): Rs 2 crore

 

The Election Commission's data, disclosed on Sunday, revealed that Santiago Martin's Future Gaming, renowned for lottery ventures, emerged as the top buyer of electoral bonds, amounting to Rs 1,368 crore. Approximately 37% of this sum was directed towards the Dravida Munnetra Kazhagam (DMK).

 

These specifics pertain to transactions conducted before April 12, 2019.

 

Electoral bond details after this date were made public by the EC last week.

 

The company donated Rs 509 crore through electoral bonds to Tamil Nadu's ruling party, the DMK. Other notable donors to the DMK included Megha Engineering, with Rs 105 crore; India Cements, with Rs 14 crore; and Sun TV, with Rs 100 crore.

 

According to the data, the BJP has emerged as the top recipient of funds through electoral bonds since their introduction in 2018, totalling Rs 6,986.5 crore. Following closely were West Bengal's ruling party, the Trinamool Congress, with Rs 1,397 crore, the Congress with Rs 1,334 crore, and BRS with Rs 1,322 crore.

TOP CATEGORIES

  • Paris Olympics

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2024 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory