Modi's Party Was Biggest Beneficiary of Now-Banned Electoral Bonds [BNN Bloomberg (Canada)]
SUZUKI MOTOR CO UNSP/ADR (SZKMY)
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Source: BNN Bloomberg
the past five years, according to data released by the nation's elections watchdog weeks before national polls. The BJP received 60.61 billion rupees ($732 million) via the bonds, starkly higher than the main opposition Congress party's 14.22 billion rupees, according to Bloomberg calculations based on the data released for the bonds purchased by companies and individuals between April 2019 and January this year. Future Gaming and Hotel Services Pvt., a little-known firm, topped the list of donors using the bonds with contributions of 13.68 billion rupees. Among the donors were some of India's leading companies including Vedanta Ltd., Bharti Airtel Ltd., ITC Ltd., Maruti Suzuki India Ltd. and Cipla. Flagship companies of India's two richest billionaires — Mukesh Ambani and Gautam Adani - didn't feature in the list. The data released by the Election Commission of India late Thursday follows an order by India's Supreme Court, which last month struck down the opaque political fundi
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