Alleged black money account holder donated nine times to BJP, thrice to Congress: ADR report

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October 28, 2014

New Delhi: On a day when the Central Government filed an affidavit with the Supreme Court disclosing names of three people who have allegedly stashed black money abroad to evade tax, the NGO Association for Democratic Reforms in a major revelation claimed that an accused Timblo Private Limited had donated huge amounts of money to the Bharatiya Janata Party (BJP) and the Congress.

October 28, 2014

New Delhi: On a day when the Central Government filed an affidavit with the Supreme Court disclosing names of three people who have allegedly stashed black money abroad to evade tax, the NGO Association for Democratic Reforms in a major revelation claimed that an accused Timblo Private Limited had donated huge amounts of money to the Bharatiya Janata Party (BJP) and the Congress.

The report claims that Timblo Pvt Ltd donated nine times to the BJP amounting to a total of Rs 1.18 crore and thrice to Congress, amounting to a total of Rs 65 lakh in seven years. The report has been made by an analysis of the donations made by individuals and corporates to the national parties between Fiscal Year 2004-05 and 2011-12.

Meanwhile, Timblo Pvt Ltd's Managing Director Radha Timblo refused to comment on the government's affidavit and added that she will explain her position in a proper press note after going through the details.

The report also claims that the BJP's donations report for the FY 2011-12 lists the name of Chamanbhai Lodhiya from Rajkot who had donated a total of Rs 51,000 to the party.

"There are a total of 13 Electoral Trusts, only seven of which have been approved by the Central Bureau of Direct Taxes (CBDT) because they were formed after the CBDT rules governing Electoral Trusts were notified on the January 31, 2013. The remaining six Electoral Trusts were already in existence before the CBDT rules for such Trusts were notified," claims ADR's report.

The report also adds that the seven Electoral Trusts formed after the CBDT rules came into effect are required to submit details of their donations to the ECI. The remaining six formed before the CBDT rules came into existence are not required to do so under the current dispensation. These six Electoral Trusts have donated more than Rs 105 crores to national parties between 2004-05 and 2011-12 the details of which are unknown.

The other people who have been named by the Central Government include former Dabur executive director Pradip Burman and Rajkot based bullion trader Pankaj Chimanlal Lodhiya.


Courtesy: CNN-IBN