In the early hours of December 7, 2023, three units of Rungta Sons Pvt. Ltd. in Ramgarh were raided by the Income Tax Department and on January 11, 2024, the company purchased 50 electoral bonds worth Rs 1 crore each, Ramesh allegedBefore this, the firm only donated in April 2021, he pointed out.”Hyderabad-based Shirdi Sai Electricals Limited faced income tax raids on December 20, 2023. On January 11, 2024, the company purchased electoral bonds worth Rs 40 crore,” the Congress leader claimed.”In November 2023, Income Tax officials raided an employee of Reddy’s Labs, for alleged cash transactions. Just after the raids, the company purchased electoral bonds worth Rs 31 crore, followed by Rs 21 crore in November 2023, and Rs 10 crore in January 2024, adding up to Rs 84 crore,” he alleged.”These are just key examples: a total of 21 firms who have faced investigations from the CBI, ED, or IT, have donated electoral bonds after the fact,” Ramesh said.
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