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Electoral Bonds Fact Check: Has a Pakistani company donated to political parties in India? Know what’s the truth

Electoral Bond Details: The details of electoral bonds were made public by the Election Commission on Thursday (14 March). After this it was claimed that a Pakistani company has also donated to political parties. The name of this Pakistani company is said to be HUB Power Limited.

Electoral Bond Details: The Election Commission made the details of electoral bonds public on Thursday (14 March). Following the instructions of the Supreme Court, State Bank of India (SBI) had shared the details with the Election Commission on March 12. On looking at the details of electoral bonds, a surprising information has come to light. On scrutinizing the details, it is found that a power company of poor Pakistan has also donated to Indian political parties. 

In fact, this Pakistani company, which gives election donations to Indian parties, operates in the neighboring country as a power producer. The name of the company is ‘Hub Power Company Limited’ (HUBCO), which is the largest power producer of Pakistan. The name of Hub Power is appearing in the information uploaded through the Election Commission. This Pakistani company has donated about Rs 95 lakh to political parties on 18 April 2019. 

The names of all those companies which had donated through this bond. One name in this list is Hub Power Company. Strange things are going on about this company on social media. It is being told that this company is from Pakistan. We are telling you what is the truth?

What’s going on on social media

A post appeared on social media – “A Pakistan based company, Hub Power Company, donated Electoral Bonds weeks after the Pulwama attack!”(A Pakistan based company, Hub Power Company, donated Electoral Bonds weeks after the Pulwama attack!) .)

what is the truth

The Hub Power Company that is being talked about in such posts is not a Pakistani company. This company is purely Indian. Its address has been given in the registration as Gandhinagar area of ​​the national capital Delhi.

Why was there confusion?

People are confused because there is a power sector company in Pakistan, Hub Power Company Limited (HUBCO). It has an installed capacity to generate 3581 MW electricity. The company’s hub plant is in Mouza Kund (Mouza Kund, Balochistan). Apart from this the company also has many plants.

Big companies among donors

Looking at the data uploaded through the Election Commission, it is known that Grasim Industries, Megha Engineering, Piramal Enterprises, Torrent Power, Bharti Airtel, DLF Commercial Developers, Vedanta Limited, Apollo Tyres, Lakshmi Mittal, Edelweiss, PVR are involved in purchasing electoral bonds. , Keventer, Sula Wine, Welspun, and Sun Pharma.

What else was revealed in the electoral bond details?

Looking at the data uploaded through the Election Commission, it is known that Grasim Industries, Megha Engineering, Piramal Enterprises, Torrent Power, Bharti Airtel, DLF Commercial Developers, Vedanta Limited, Apollo Tyres, Lakshmi Mittal, Edelweiss, PVR are involved in purchasing electoral bonds. , Keventer, Sula Wine, Welspun, and Sun Pharma. 

BJP, Congress, AIADMK, BRS, Shiv Sena, TDP, YSR Congress, DMK, JDS, NCP, Trinamool Congress, JDU, RJD, AAP and Samajwadi Party have encashed these electoral bonds. Future Gaming and Hotel Services (Rs 1,368 crore) and Megha Engineering and Infrastructure Limited (Rs 966 crore) have bought the highest value of electoral bonds.

Details of Electoral Bonds submitted by SBI


Giriraj Sharma
Giriraj Sharmahttp://bynewsindia.com
Active in journalism for two and a half decades. Interest in Political, and Social issues, Environment, Urban Development, Crime, Education, Health , AI etc. Ex Editor (M&C) Zee Regional Channels, ETV News Network/News18, Digital Content Head Patrika. com, ByNewsIndia Content Strategist, Consultant
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