Tag: electoral bonds

Probe Agency Seizes Rs 8.8 Crore From ‘Lottery King’ Santiago Martin’s Office

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Probe Agency Seizes Rs 8.8 Crore From ‘Lottery King’ Santiago Martin’s Office

Santiago Martin had over Rs 1,300 crore in now-scrapped electoral bonds. (File) Chennai: The Enforcement Directorate on Friday seized Rs 8.8 crore in cash from the corporate office of Chennai-based ‘lottery king’ Santiago Martin, officials said. Martin was the single biggest donor to political parties with over Rs 1,300 crore in now-scrapped electoral bonds. The…

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Kotak Mahindra Bank Promoter Infina Finance Donated Rs 60 Crore To BJP Via Electoral Bonds

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Kotak Mahindra Bank Promoter Infina Finance Donated Rs 60 Crore To BJP Via Electoral Bonds

Infina Finance, owned by the Kotak family, is listed as one of the promoter group entities. New Delhi: Infina Finance, one of the promoter group entities of Kotak Mahindra Bank – currently facing RBI action, had donated electoral bonds worth Rs 60 crore to the BJP. Infina Finance, owned by the Kotak family, is listed…

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The Hindu Morning Digest – April 16, 2024

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The Hindu Morning Digest – April 16, 2024

Prime Minister Narendra Modi in Tirunelveli on April 15, 2024. | Photo Credit: PTI Country being pushed towards black money; everyone will regret attacking Electoral Bond scheme, says PM Modi Prime Minister Narendra Modi on April 15 said that the country had been pushed towards black money in elections after the Supreme Court scrapped the electoral bonds scheme,…

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Sports

Electoral bonds data: 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule

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Electoral bonds data: 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule

Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds…

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Business

In RTI Reply, SBI Refuses To Share Info On Its Electoral Bond Guidelines

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In RTI Reply, SBI Refuses To Share Info On Its Electoral Bond Guidelines

The State Bank of India has refused to share the SOPs it used for the electoral bonds scheme New Delhi: Weeks after it was pulled up by the Supreme Court on the electoral bonds issue, the State Bank of India has refused to reveal details of the Standard Operating Procedures issued to its branches regarding…

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2nd-Biggest Donor Bought Some Electoral Bonds Close To Bagging Contracts

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2nd-Biggest Donor Bought Some Electoral Bonds Close To Bagging Contracts

The Hyderabad-based firm purchased electoral bonds worth Rs 966 crore. New Delhi: Megha Engineering and Infrastructure Ltd made a number of electoral bond purchases close to the date of bagging crucial projects, including the all-weather Zojila tunnel that is being constructed at an estimated cost of Rs 4,500 crore in Jammu and Kashmir. Hyderabad-based Megha…

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Infra Firm, Mining, Telecom Giant Are BJP’s Largest Donors

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Infra Firm, Mining, Telecom Giant Are BJP’s Largest Donors

New Delhi: The Bharatiya Janata Party was the largest beneficiary of electoral bonds between April 2019 and January 2024 – companies donated Rs 5,594 crore in that period – the Election Commission of India said this week. The BJP pocketed over three times the amount (Rs 1,592 crore) the Trinamool Congress took home and more…

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Firm Building Uttarakhand Tunnel That Collapsed Donated Rs 55 Crore To BJP Through Electoral Bonds

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Firm Building Uttarakhand Tunnel That Collapsed Donated Rs 55 Crore To BJP Through Electoral Bonds

Navayuga Engineering Company Ltd is the flagship company of the Navayuga Group. New Delhi: Hyderabad-based Navayuga Engineering Company Ltd (NEC), which is constructing the Silkyara-Barkot tunnel in Uttarakhand, a portion of which collapsed last year, purchased Rs 55 crore worth of electoral bonds and donated the entire amount to the BJP, as per data released…

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