Several companies bought electoral bonds after they were faced with action by central government agencies such as the Enforcement Directorate, the Income Tax Department, the Central Bureau of Investigation and the Goods and Service Tax authorities, an analysis by Project Electoral Bond shows.
They include companies in the top five donors list, such as Future Gaming and Hotel Services PR, Megha Engineering and Infrastructure Ltd, and Yashoda Super Speciality Hospital. Who encashed the bonds they purchased will only be known once the missing Unique Identification Numbers for electoral bonds – that link the buyer to the receiver – are revealed by the Election Commission of India.
Here are some companies that faced action and bought electoral bonds soon after. This list will be updated if the Project Electoral Bond team finds more information.
1. Future Gaming and Hotel Services Private Limited
Future Gaming and Hotel Services Private Limited – the biggest buyer of electoral bonds, having spent Rs 1,368 crore on them between October 2020 and January 2024 – has faced raids several times over the last few years.
Run by “Lottery King” Santiago Martin from Coimbatore, the company focuses on online lotteries. Martin has been under the scanner of agencies since 2007. In 2011, the CBI registered 30 cases against him…
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