New Delhi: New facts of the biggest election rigging in the history of India have come to light.
BJP’s embezzlement of billions has been revealed to the Indian people. Modi government collected donations from Indian companies in the name of Electoral Bonds and secretly took more than half of it.
According to a new report by Scroll, the issue of telecom spectrum auction also turned out to be a scam of the Modi government. In 2012, the Supreme Court of India canceled 122 telecom spectrum licenses granted without auction and ordered an immediate auction.
In December 2023, the Modi government began allotting telecom spectrum licenses to companies of its choice without an auction. Meanwhile, the telecom company Bharti Enterprises not only got the license but also the space authorization overnight.
The evidence established that the Bharti group contributed Rs 150 crore to the BJP through bonds in two installments, before and after the licence. Different companies of Indian enterprises, Airtel and Bharti Telemedia etc. also donated during this time and thus a total donation of 236 crores was received by BJP. Reliance Industries and Elon Musk’s company Starlink also tried to get the spectrum license but the Modi government rejected them and awarded it only to the Indian group.
In the case of Uday Kotak, CEO and Managing Director of Kotak Bank, a similar bribery transaction came to light. Uday Kotick was ordered by the Reserve Bank in 2015 to have a stake of just 15 per cent, up from 44 per cent earlier. For years, Uday Kotak fought a legal battle to get back his shares but failed every time.
During the case, the Kotak Mahindra Bank received a donation of 35 crores in two installments through bonds to the BJP, after which the Kotak case was settled quickly. Through the settlement, Uday Kotick not only got back his shares but was also made CEO and managing director for 12 to 15 years.
According to a recent report, BJP received a donation of 945 crores in the name of electoral bonds from 35 pharmaceutical companies. These pharmaceutical companies are the ones who are facing lawsuits against them for making bad drugs or have had their licenses revoked.
Between April 2019 and February 2024, more than 26 real estate companies also bought bonds worth Rs 700 crore and later Rs 4,479 crore before raids by federal agencies.