December 6, 2021

The Japan Herald

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In a first, JMM discloses electoral bond details: Rs 1 crore from Hindalco

2 min read

Headed by former Jharkhand Chief Minister Shibu Soren, the state party, in its contribution report for the financial year 2019-20 submitted to the Election Commission (EC), has revealed that it received Rs 1 crore from Hindalco Industries Limited through an electoral bond.

IN A first since the Central Government introduced electoral bonds for political donations, Jharkhand Mukti Morcha (JMM) has disclosed the name of the sole donor who contributed to the party through the controversial scheme. Headed by former Jharkhand Chief Minister Shibu Soren, the state party, in its contribution report for the financial year 2019-20 submitted to the Election Commission (EC), has revealed that it received Rs 1 crore from Hindalco Industries Limited through an electoral bond. The report mentions that the donation came via bond number AAACH1201R issued by the Court Compound Branch of the State Bank of India (SBI).

Hindalco is an aluminium and copper manufacturing company and a subsidiary of the Aditya Birla Group. It runs an alumina refinery in Jharkhand’s Muri among its other operations in the country. This is the first time JMM has declared receiving funds through this instrument, according to Shelly Mahajan, who leads the Political Party Watch team at Association for Democratic Reforms (ADR), which is a non-profit organisation working in the area on electoral and political reforms. The disclosure of the donor’s identity to the poll body is significant, given that electoral bonds are essentially used to donate money anonymously to political parties. This is also why this scheme has been challenged in court by transparency activists since voters can no longer know which individual, company, or organisation has funded which party and to what extent. Earlier parties had to disclose details of all donors who have contributed more than Rs 20,000.

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