New Delhi, 08 April 2024;
The Aam Aadmi Party (AAP) has made a big revelation regarding the BJP’s ‘bond scandal’. The AAP said that the Modi government and the BJP committed corruption worth lakhs of crores of rupees through electoral bonds in a well-planned manner. There are 45 suspicious companies which have donated Rs 1068 crore to the BJP which are either loss-making, or pay no taxes or who have donated way more than their profits. To allow such open corruption, the Modi government not only changed the rules of giving political donations, but also gave rebates of thousands of crores of rupees in tax to the companies in exchange of taking donations worth crores of rupees. The tax money spent on the development of the country and the people, which should have gone to the government treasury, went to the BJP’s account.
Addressing the media, Aam Aadmi Party’s senior leader and Rajya Sabha MP Sanjay Singh and Senior leader Shri Jasmine Shah said we are here to reveal how in a planned way Narendra Modi government, the BJP government in the last so many years clandestinely did corruption of thousands of crores of rupees. This corruption took place through electoral bonds by changing rules, giving tax exemption of thousands of crores of rupees, contracts worth lakhs of crores of rupees were given to companies and all this was going on behind the scenes.
The Rajya Sabha MP said I want to thank the Supreme Court that brought this corruption in front of the people of the country by sucking the data out.
Giving details of the donations made through electoral bonds to the BJP, Shri Sanjay Singh said, “There are 33 companies that incurred an aggregate loss of Rs 1 lakh crore in 7 years and these companies donated Rs 450 crore to the BJP through electoral bonds. Of the 33 companies, there are 17 companies that either paid zero tax or negative tax i.e. they got tax rebate. Another six companies that donated Rs 600 crore to the BJP, made donations that were many times more than their profits. One of them paid donation thrice their profit, how generous the company is. One company gave 93 times more than their profit. Another three companies donated Rs 28 crore and paid zero tax.”
He also gave the details of the 17 companies that donated generously to the BJP despite incurring losses and paying zero or negative tax. “Now, I’ll tell you in sequence. Bharti Airtel gave donation of Rs 200 crore to BJP despite suffering loss of Rs 77,000 crore from 2017 to 2023 and got tax rebate of Rs 8,200 crore. Some of the tax relief it got was on the orders of the Supreme Court but how did it get the remaining rebate is a mystery. The second company is DLF, which donated Rs 25 crore to the BJP despite incurring a loss of Rs 130 crore in 7 years. They too got a tax rebate of Rs 20 crore. There is another company, Satec Environment Engineering (India) Pvt Ltd which donated Rs 12 crore to the BJP despite a loss of Rs 150 crore in 7 years and got tax rebate of Rs 1.60 crore,” said the AAP senior leader.
Giving details further, Shri Sanjay Singh said Dhariwal Infrastructure Limited bought bonds worth Rs 115 crores and donated about Rs 24.96 crores to the Bharatiya Janata Party. The loss of this company is Rs 299 crores, and they paid zero tax. Similarly, PRL Developers bought electoral bonds worth Rs 20 crore and donated Rs 10 crore to the Bharatiya Janata Party and got a tax rebate of Rs 4.7 crore. And this company has suffered a loss of Rs 1550 crore.
Another company, Eugia Pharma Limited, which is the company of Sharad Reddy (ED booked him as the kingpin of the liquor scam and he later turned approver). It has purchased electoral bonds worth Rs 15 crores and has donated the entire Rs 15 crores electoral bonds to the BJP despite suffering a loss of Rs 28 crores in 7 years. And it has got tax reby of Rs 7.20 crore.
Mytrah Energy (India) Private Limited bought electoral bonds worth Rs 19 crore and gave Rs 9.99 crore to BJP alone. It has incurred a loss of Rs 86 crore in 7 years and has got tax rebate of Rs 126 crore.
Piramal Capital & Housing Finance Limited bought electoral bonds worth Rs 10 crore and donated Rs 10 crore to the BJP despite suffering a loss of Rs 16,376 crores. It got tax rebate of Rs 5178.50 crores.
Oriental South Delhi Hotels Private Limited purchased electoral bonds worth Rs 5 crore and the entire donation of Rs 5 crore has been made to the BJP. The company had incurred a loss of Rs 49 crore in 7 years and it has paid zero tax.
Village De Nandi Private Limited purchased electoral bonds worth Rs 5 crore and the entire amount was donated to the BJP despite incurring a loss of Rs 48 crore. It paid zero tax.
Taquito Lease Operators Pvt. Ltd. purchased bond worth Rs 4 crore and donated the entire amount to the Bharatiya Janata Party. This company has suffered a loss of Rs 167 crore. And it got tax rebate of Rs 20 lakh.
Arvind Beauty Brands Retail Pvt Ltd. bought bonds worth Rs 3 crores and donated the entire amount to the BJP. It suffered a loss of Rs 11 crore and got a tax rebate of Rs 13 crore.
Gannon Dunkerley & Company Limited bought bonds worth Rs 1.5 crore and donated the same to the BJP. This company incurred loss of Rs 121 crore and has got a tax rebate of Rs 42 crore.
Inox Leisure Limited bought bonds worth Rs I crore and gave 100% of it to the BJP. They suffered a loss of Rs 283 crore and got tax rebate of Rs 17 crore.
JNS Instruments Limited purchased a bond of Rs 1 crore and gave the same to the BJP despite having incurred a loss of Rs 35 crore. It paid zero tax.
Arihant Enterprises Limited bought a bond worth Rs 40 lakh, gave Rs 40 lakh to the BJP despite having incurred a loss of Rs 30 lakh. It paid zero tax.
The Rajya Sabha MP said there are six companies which have given many times more than their total profits to the BJP. Who are these companies? Qwik Supply Chain Private Limited has purchased electoral bonds worth Rs 410 crore and gave bonds worth Rs 375 crore alone to the BJP. This company has made a profit of Rs 144 crore. So it gave more then 3 times its profits as political donation to BJP. How?
There is a company Madanlal Limited. It bought electoral bonds worth Rs 185.50 crore and donated Rs 175.48 crore to the BJP, which is a whopping 93 times its profits! It earned a profit of just Rs 2.07 crore in seven years and got a tax rebate of Rs 3.11 crore.
Nexg Device Pvt Ltd bought electoral bonds worth Rs 35 crore and donated the entire amount to the BJP. Its profit is Rs 28.50 crore and it paid tax of Rs 14 crore.
ABNL Investment Pvt Ltd bought bonds worth Rs 10 crore and donated the same to the BJP. This company made a profit of approximately Rs 9 crore and paid tax of Rs 4.69 crore.
Pragati Enterprises Limited bought bonds worth Rs 3.5 crore and donated the entire amount to the BJP. The company had made a profit of Rs 2 lakh and paid zero tax.
Shree Krishna Infrastructure Limited purchased bonds worth Rs 2 crore and donated the entire amount to the BJP. It has made a profit of Rs 16 lakh and has paid tax of Rs 4 lakh.
Shri Sanjay Singh further added, “There is another category of three companies that never paid a single rupee in tax, but donated Rs 28 crore to BJP. MKG Enterprises Private Limited purchased electoral bonds worth Rs 192 crore and donated Rs 26.94 crore to the BJP. The company has a profit of Rs 60.33 crore in seven years and got tax rebate of Rs 10.62 crore.
Patel Highway Management Private Limited bought a bond worth Rs 1 crore and gave the entire money to the BJP. They have made a profit of Rs 24 crore.
EC India Limited bought bonds worth Rs 40 lakh and gave the entire amount to BJP. Their profit is of Rs 11.50 crore and they got tax exemption of Rs 2.24 crore.”
Shri Sanjay Singh questioned where are the ED and the CBI now? “How many cases were filed? By creating these fake companies on paper, the money trail of hundreds of crores of rupees is clearly visible. Companies are donating crores of rupees to the BJP despite incurring losses,” he said.
Exposing the rhetoric of the Prime Minister Narendra Modi, “Na khaoonga, na khane doonga (Neither I will take bribe, nor I will allow anybody)”, Shri Sanjay Singh said, “The most important thing in this is na khaoonga, na khane doonga. Modi ji said I will make the rules and allow bribery. I will collect corrupt donations for my party from the entire country as much as possible.”
Shri Sanjay Singh said that before 2017, there was a law in the country that a company that has made profits consecutively in the last three years can donate only 7.5% of its profits. This means that a loss-making company cannot donate and cannot donate many times more than its profit. It is clear that shell companies and fake companies cannot donate to any party. This means that that there was no scope for corruption under that rule if donations were made directly through cheque. After this, the Modi government asks the Election Commission what rules have been made. How will we do our corruption? They changed the rules in 2017. He (Modi) said that there is a BJP government, change the rules for corruption. The BJP’s hand is with corruption, big scandal of electoral bonds. In 2017, when the provision was being changed, the Election Commission opposed it and expressed its concern saying that it could open up the possibility of shell companies being set up for the sole purpose of making donations to political parties, added the Rajya Sabha MP.
The Rajya Sabha MP said the BJP must tell the entire country that how it caused loss of thousands of crores of rupees to the government exchequer by giving tax exemption to its donor and committed such a big scam changing rules.
Shri Sanjay Singh said Prime Minister Modi must tell the people of India how a loss has been caused by giving tax rebates worth thousands of crores of rupees. How this big scam has been done by changing the rules, which could not have happened before 2017. To commit the electoral bond fraud, the BJP changed the rules and there is little morality left in the Bharatiya Janata Party. This is the most corrupt party of the country. Since the independence of India till today, if there is any most corrupt party on this earth, then the name of that corrupt party is Bharatiya Janata Party, Bangaru Janata Party and the people of that party have played such a big fraud, he added.
The senior AAP leader demanded that the ED and the CBI should immediately interrogate these companies and the BJP leaders; arrests should be made, and action should be taken. If action is not taken, then we will take further course of action, he added.
Shri Sanjay Singh said that Modi ji says that he has shut three lakh fake companies in the country. I want to ask PM Modi, then which are these companies, which we do not know, that exist only on paper and have given donations to you.
The Rajya Sabha MP said in Tamil Nadu, the police caught bundles of notes worth Rs 4.50 crore. When asked, the person carrying the money said that he had got it from Delhi and was going to give it to the BJP candidate. Now let the ED and the CBI go after those people, expose the BJP. How did the bundles reach Tamil Nadu from Delhi?
