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At India’s second-largest engineering co, gaps emerge in electoral bond funding

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At India’s second-largest engineering co, gaps emerge in electoral bond funding

Megha Engineering and Infrastructures Ltd (MEIL), a privately held infrastructure and engineering company, claims to have purchased Rs 280 crore worth of electoral bonds in the financial year of 2022-23, according to its annual report. However, the Election Commission's data reveals that MEIL bought electoral bonds worth only Rs 193 crore in the same period. This disparity has raised concerns about accountability and transparency in political donations. MEIL and its affiliates have donated a total of Rs 1,353 crore to political parties since the introduction of electoral bonds in 2019. The Supreme Court recently declared electoral bonds unconstitutional. MEIL has not responded to queries regarding the discrepancy in data.

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