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https://thewire.in/politics/how-the-2021-bengal-assembly-election-victory-changed-tmcs-financial-fortune
https://thewire.in/business/despite-continued-losses-kolkata-based-avees-trading-contributes-rs-113-crore-to-electoral-bonds
https://thewire.in/politics/trinamool-congress-links-emerge-in-future-gaming-lottery-winners-a-major-electoral-bond-contributor
https://thewire.in/business/firms-showed-political-funding-as-miscellaneous-expenses-donations-but-often-skipped-mention-report
SBI is already trying to argue (and RBI may join in) that disclosing further details will violate its "fiduciary duty" towards customers and thus shatter customer confidence, which could potentially lead to business losses etc. This is already a standard defense by the banks for most of the RTIs.
By the way, why hasn't the SC been this pushy about disclosure when it involved banks be directed to disclose the list of its loans that have gone bad/putrid or "evergreened"?
Here's a small clue - INTAS PHARMACEUTICALS LIMITED
Headline: Reliance denies link to third largest donor Qwik Supply.
Qwik Supply Chain Private Limited, a little-known company with a registered address at Navi Mumbai's Dhirubhai Ambani Knowledge City (DAKC) and having links to Reliance Industries, was the third largest donor to political parties using electoral bonds.
It bought βΉ410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.
Source: The Mint
Headline: 14 Companies under ED/CBI scanner donated over Rs.4000 crore to political parties
https://www.livemint.com/news/india/sbi-electoral-bond-data-14-companies-under-ed-cbi-scanner-donated-over-rs-4-000-crore-to-political-parties/amp-11710493008447.html
Headline: 3 of the top 5 donors bought electoral bonds with ED & IT knocking on their door.
https://indianexpress.com/article/india/3-of-top-5-donors-bought-electoral-bonds-with-ed-and-i-t-knocking-on-their-door-9214783/lite/
https://www.eci.gov.in/disclosure-of-electoral-bonds
https://www.eci.gov.in/eci-backend/public/api/download?url=LMAhAK6sOPBp%2FNFF0iRfXbEB1EVSLT41NNLRjYNJJP1KivrUxbfqkDatmHy12e%2FzBiU51zPFZI5qMtjV1qgjFmSC%2FSz9GPIId9Zlf4WX9G9EkbCvX7WNNYFQO4%2FMjBvNyKzGsKzKlbBW8rJeM%2FfYFA%3D%3D
https://www.livelaw.in/amp/top-stories/supreme-court-electoral-bonds-sbi-state-bank-of-india-252365
https://www.jsalaw.com/lawyers/ronak-ajmera/#people_experience:
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https://www.newindianexpress.com/amp/story/states/tamil-nadu/2024/Mar/14/lottery-king-santiago-martins-tn-based-firm-tops-electoral-bond-purchases-with-rs-1368-crores
But Modi is fascist and must resign π€‘
1. Why is a state government PSU donating to the TMC?
2. The Jalans were under a cloud over the sale of Metro Dairy to Keventers by the TMC govt for a low price, allowing them to make a killing. Any link?
The big ones already had well-oiled systems in place, which have been working fine for ages and are future-proofed. They didn't need to jump on this train. The formal and informal ways of funding will continue as before. So not a surprise that so "expected" names are missing.
It will be interesting to see which of the top ten donors contributed what amounts to TMC?
Reliance Industries (Qwik Supply Chain Pvt Ltd) donated around Rs. 410 crore through electoral bonds which is the 3rd largest donated amount.
Don't believe me? Well, here's the link - https://www.eci.gov.in/eci-backend/public/api/download?url=LMAhAK6sOPBp%2FNFF0iRfXbEB1EVSLT41NNLRjYNJJP1KivrUxbfqkDatmHy12e%2FzBiU51zPFZI5qMtjV1qgjFmSC%2FSz9GPIId9Zlf4WX9G%2FyncUhH2YfOjkZLtGsyZ9B56VRYj06iIsFTelbq233Uw%3D%3D
How is this even possible!!? This list has practically every one else!!Wtf!
Side note - no "TATA" on this list either!! Wondering what happened behind the scenes in the legal departments of these firms. Did they decide on not using this funding route because of the scheme being unconstitutional?
Dear moderators of LI - please show some editorial spine and publish this. Thanks ππΌ