Jalan group bonds well with political parties
Business Standard|March 23, 2024
A bulk of the political donations made by West Bengal's top contributor, the Mahendra Kumar Jalan group, went to the BJP, according to data published by the Election Commission (EC).
ISHITA AYAN DUTT
Jalan group bonds well with political parties

The EC on Thursday put up on its website a fresh data set which includes alpha-numeric numbers matching the purchase of electoral bonds with the political parties that received the funds.

Four Jalan group firms contributed ₹351.92 crore to the Bharatiya Janata Party: Keventer Foodpark Infra (₹144.5 crore), Madanlal Ltd (175.5 crore), MKJ Enterprises (26.92 crore) and Sasmal Infrastructure (₹5 crore). The Congress got 160.6 crore, and the All India Trinamool Congress (TMC), which governs Bengal, got ₹65.9 crore from the group. Other beneficiaries include the Bharat Rashtra Samithi, the Samajwadi Party, and the Shiromani Akali Dal.

The group purchased electoral bonds worth ₹616.92 crore between April 2019 and January 2024, making it one of the top donors through electoral bonds in the country.Keventer was the biggest purchaser of the electoral bonds in the Jalan Group, paying ₹195 crore. MKJ Enterprises purchased bonds worth ₹192.42 crore, Madanlal Limited ₹185.5 crore and Sasmal Infrastructure ₹44 crore. The donations Madanlal Limited and Keventer made were disproportionately high compared to the size of the two companies, at least in the years they purchased the bonds.

This story is from the March 23, 2024 edition of Business Standard.

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This story is from the March 23, 2024 edition of Business Standard.

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