Bhushan: Acc to a report by Business Standard... ... Electoral Bonds Case Hearing : Live Updates From Supreme Court

Bhushan: Acc to a report by Business Standard dated 21.06.2023- Vedanta Ltd, a multinational mining company donated Rs 457 cr in the last 5 years to political parties through EBs. Vedanta’s donation only in FY23 was Rs. 155 cr which was higher than Rs.123 cr donated in FY22.

Bhushan: It is interesting to note that in FY23, Vedanta Limited has been declared as the preferred bidder for various mining licences, namely Bicholim iron ore block in Goa, Sijimali bauxite and Ghogharpalli coal blocks in Odisha, and Kelwar Dabri in Chhattisgarh.

Bhushan: While various newspaper portals have reported that Vedanta is facing a severe financial crisis as it is under debts, it is still donating hundreds of cr in donations. The same raises concerns as to why such high donations are being made when the company is under debts.