VEDENTA COMPANY NE Crores donations main diya BJP or CONGRESS KO. - TopicsExpress



          

VEDENTA COMPANY NE Crores donations main diya BJP or CONGRESS KO. : The PIL was filed by a NGO, Association for Democratic Reforms, which had alleged that the Ministry of Home Affairs in its reply has factually admitted the position that fundings came to these parties from Vedanta.The PIL had sought a direction for a court-monitored investigation by the SIT or the CBI into the violation of foreign funding and other laws by major political parties, corporate groups and PSUs. It had also alleged that the two political parties have violated the Representation of Peoples Act and the Foreign Contribution (Regulation) Act by taking donations from government companies and foreign sources, which is prohibited under both the legislations. The petition alleged that Vedanta Resources and its subsidiary companies in India, including Sterlite Industries, Sesa Goa and Malco, have donated several crores of rupees to major political parties such as the Indian National Congress and the BJP. The PIL has also alleged that according to Vedantas annual report of 2012, it had made political donations to the tune of $2.01 million either through a trust or directly in respect of the Indian general elections. The latest updates on elections: @RediffElections 13:35 LIVE! Delhi HC finds BJP, Cong guilty of taking foreign funds : Celebrations at AAP following this verdict. The Delhi High Court has found both the Congress and the BJP guilty of taking donations to party funds from foreign funds. Slamming both the parties, the HC said both the parties took donations running into several crores of rupees. The order was based on a PIL alleging that the Congress and the BJP received funding from subsidiaries of United Kingdom-based Vedanta Resources in violation of various Indian laws.
Posted on: Fri, 28 Mar 2014 08:55:53 +0000

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