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At least 14 out of the top 30 companies which purchased electoral bonds from 12 April 2019 to 24 January 2024 faced action by central or state probe agencies, revealed data from the State Bank of India released by the Election Commission (EC).
Details of these companies are mentioned below:
Future Gaming and Hotel Services: The firm donated Rs 1368 crore between 27 October 2020 and 5 October 2023. In 2022, Enforcement Directorate (ED) attached assets of the company and its various sub-distributors worth over Rs 409 crore in a money laundering case.
Megha Engineering and Infrastructure Limited: In October 2019, the Income Tax department carried out raids at multiple offices of Telugu tycoon Krishna Reddy’s Megha Engineering Infrastructure Limited (MEIL) in Hyderabad and other cities. Since then, the company has donated Rs 966 crore in electoral bonds.
Haldia Energy Limited: The firm donated Rs 377 crore in electoral bonds. It faced action by the Central Bureau of Investigation in March 2020.