The commission revealed contributions received by political parties via electoral bonds in the run-up to the hotly contested 2019 Lok Sabha elections.
The second tranche of data published by the EC pertaining to donations received between March 2018 and April 2019 - is crucial, as it contains voluntary disclosure of donor details by at least four regional parties: the Dravida Munnetra Kazhagam (DMK), All India Anna Dravida Munnetra Kazhagam (AIADMK), Janata Dal (Secular) and Jammu & Kashmir National Conference (JKNC).
While not entirely unprecedented - in 2021, Jharkhand Mukti Morcha had voluntarily disclosed a ₹1 crore donation from Hindalco Industries through an electoral bond in 2019-20 - this disclosure stands as the most extensive to date, albeit partial, shedding light on the exact donors behind each of four party's coffers.
For example, Future Gaming and Hotel Services, run by Santiago Martin, the largest contributor through electoral bonds, allocated nearly 40% of its total purchases exceeding 1,300 crore from 2019 to 2024 to the DMK, the ruling party in Tamil Nadu.
This story is from the March 18, 2024 edition of Financial Express Mumbai.
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This story is from the March 18, 2024 edition of Financial Express Mumbai.
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