Reporters Without Orders Ep 314: Decoding electoral bonds data, patterns of funding
Mar 23, 2024
auto_awesome
Investigating patterns in political funding in India, decoding electoral bonds data dump. Discovering strange patterns of donations surpassing profits. Delving into the controversy of electoral bonds and implications on transparency and corruption. Exploring the significance of independent news investigations and data analysis in elections. Analyzing funding patterns and the impact of media companies on voting decisions.
Companies donated to political parties exceeding profit growth raises concerns about timing and agency rates.
Electoral bond purchases by Torin Group linked to PM raise transparency issues in political funding practices.
Deep dives
Extent of Electoral Bond Donations to BJP Companies
The podcast discusses how 41 companies donated to BJP and faced central action, with 18 of them purchasing electoral bonds exceeding 2000 crores. This investigation followed earlier collaborations between news laundry and news minute. The companies like Pundra and SCT were involved, raising questions about the timing of the donations and agency rates, indicating potential discrepancies in the electoral bond system.
Investigation into Torin Group's Electoral Bond Purchase
The episode delves into the Torin Group acquiring electoral bonds worth Rs 185k with links to the Prime Minister. The investigative process by Pratik revealed significant connections between the company and political figures. The details surrounding this purchase raise concerns about transparency and potential influence on political funding, hinting at broader implications for electoral funding practices.
Media Companies' Contributions through Electoral Bonds
The podcast highlights donations via electoral bonds from media-related companies like TV9, Open Magazine, Sun TV, and India Today Group exceeding 1000 crores. This discussion sheds light on the potential impact of such contributions on media autonomy and impartiality. The emerging data underscores the importance of transparency and scrutiny in electoral funding to maintain the integrity of media organizations' independence.
This week, host Tanishka Sodhi is joined by Newslaundry’s Prateek Goyal and Basant Kumar.
Both Prateek and Basant share their experience of investigating the patterns in political funding in India, and decoding the State Bank of India’s data dump on electoral bonds.
They discuss how they found out about “a very strange pattern” of donation to political parties, with some companies donating or lapping up their donations after raids by central agencies. In some cases, the companies’ donations even surpassed their profit growth and revenue.