29 March 2014

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Delhi High Court Verdict Vedanta donations to BJP Congress illegal

Delhi High Court Verdict Vedanta donations to BJP Congress illegal  - Eye Opener Verdict

On Friday Delhi High Court ruled that India's two main political parties Congress and BJP  both broke laws barring foreign donations by accepting cash from local companies owned by London-listed mining group Vedanta Resources Plc (VED.L) between 2004 and 2012

The court directed the home ministry and the election commission to investigate all donations to the parties by the two companies, as well as from any other groups with similar ownership structures that would also be deemed "foreign sources", and act within six months.

Sterlite Industries India and Sesa Goa, two companies then registered in India but whose controlling shareholder was Vedanta, donated 87.9 million rupees in total to Congress between 2004 and 2012,

Sesa Goa donated 14.2 million rupees to the BJP over the same period, according to the data gathered by the Association for Democratic Reforms (ADR) and presented in court.

According to Vedanta annual report 2009-2010 Sterlite Industries India also donated 70 million rupees to the BJP

The government can prosecute people under the Foreign Contribution (Regulation) Act. Party officials and lawyers who facilitate such transactions can be jailed for up to three years for violating the laws on foreign donations.

Just 3 years punishment now will you laugh or cry?

Once again this case has proven that India needs to adopt to American Judicial System
Best among the best and no.1 among the best

Vote for Good Candidates Only if you want to see India corruption free India

Hope this verdict has opened the eyes of people who blindly follow political parties

Reality views by sm –

Saturday, March 29, 2014

Tags - Vedanta Donation Illegal BJP Congress


deeps March 29, 2014  

and the same story goes on...