Infosys, BIOCON Among Top Donors: Corporate Giants Channel Contributions to JD(S) via Electoral Bonds

JD(S) joined a select group of 10 political parties, including AAP, DMK, AIADMK, and JD(U), in disclosing the names of donors alongside their respective contribution amounts

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X: @the_news_21

The political landscape in India witnessed a revelation as the Janata Dal (Secular), led by former Prime Minister HD Deve Gowda, disclosed receiving significant donations from corporate entities, according to submissions made to the Election Commission.

Between March 20, 2018, and April 18, 2023, the party acknowledged receiving donations via electoral bonds, with prominent names including Infosys, BIOCON, Embassy Group, and JSW Steel among its contributors. The total sum amounted to a substantial ₹89.75 crore, showcasing a considerable influx of funds through this channel.

The Election Commission’s recent upload of data on political party donations through electoral bonds, shared with the Supreme Court in sealed covers, shed light on the financial dynamics of various political entities. Among those who openly shared details of donors, JD(S) emerged as a notable participant, unveiling a roster of corporate backers.

Embassy Group of Companies emerged as a key supporter, contributing ₹22 crore during the specified period. However, it was Megha Engineering and Infrastructure Ltd that stood out as the party’s most generous benefactor, extending a hefty donation of ₹50 crore to Deve Gowda’s party.

Other notable contributors to the Karnataka-based party included Infosys (₹1 crore), BIOCON (₹2.50 crore), and JSW Steel Ltd (₹5 crore), underscoring the diverse array of corporate interests involved in political financing.

JD(S) joined a select group of 10 political parties, including AAP, DMK, AIADMK, and JD(U), in disclosing the names of donors alongside their respective contribution amounts. This move towards transparency marks a significant departure from conventional practices, offering citizens greater insight into the sources of political funding.

Meanwhile, the BJP emerged as the frontrunner in electoral bond funding, amassing a staggering ₹6,986.5 crore since the inception of these bonds in 2018. Trailing behind were prominent parties like the Trinamool Congress, Congress, and Bharat Rashtra Samithi, each receiving substantial sums through this mechanism.

As scrutiny over political financing intensifies, the revelation of corporate contributions to JD(S) underscores the intricate relationship between business interests and political parties, shaping the dynamics of governance and policymaking in India.

Also Read: Supreme Court Grants ‘NCP–SCP’ Name and Symbol to Sharad Pawar Faction, Imposes Restrictions on Ajit Pawar Camp

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