The Reporters’ Collective
Thanks to a tiny tweak in the law, at least 16 of top 200 firms among donors donated despite running in loss, many gave excessively.
New Delhi: Ever heard the Bible saying ‘Give one if you have two’? It seems some of our corporate giants have gone beyond it, managing to donate even when they had none.
While running their businesses at a loss, these corporations managed to dish out hundreds of crores to politicians through electoral bonds. At least 16 of the top 200 firms in the electoral bonds list donated even when they ran their business in loss for three previous consecutive years.
While in losses they cumulatively donated a whopping Rs 710 crore to political parties. Of this, Rs 460 crore (over 60%) went to the Bharatiya Janata Party (BJP).
For detailed story, click here
Originally published by “The Reporters’ Collective”
