Editorial With Sujit Nair | Electoral Bonds: Donations More Than Profits !!!

HW News Editorial with Sujit Nair

In this episode of 'Editorial,' Mr. Sujit Nair delves into the recent disclosures made by the Election Commission of India regarding Electoral Bonds. According to a report from The Hindu, a significant number of newly established companies, specifically 43 firms incorporated in 2018 or later, have acquired electoral bonds totaling over Rs 384.5 crore. Among these, four companies established in Hyderabad in 2023 purchased bonds worth substantial amounts shortly after their inception. Additionally, nine companies formed in 2020 and eleven in 2021, amid the pandemic, collectively purchased bonds worth nearly Rs 100 crore within one or two years of their establishment. The company details and incorporation dates are sourced from the Ministry of Corporate Affairs' database, where the names of bond-purchasing firms were cross-referenced to identify newly established entities.