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    BJP Received Rs 385 crore from Reliance Linked Qwik Supply

    BJP Received Rs 385 Crore from Reliance-Linked Qwik Supply, while Shiv Sena received Rs 25 Crore


    Finance Outlook India Team | Friday, 22 March 2024

    Reliance-affiliated Qwik Supply donated Rs 410 crore through electoral bonds, according to information released by the Election Commission, with Rs 385 crore going to the BJP alone.

    On Thursday, the Election Commission published updated information regarding electoral bonds. The data showed that the Shiv Sena received contributions of Rs 25 crore and the BJP received contributions of Rs 395 crore from Qwik Supply Chain Private Ltd, a lesser-known company registered at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai and purportedly connected to Reliance Industries.

    Qwik Supply invested Rs 410 crore in bonds between 2021 and 2023. With the exception of Rs 25 crore, almost all of this money went to the BJP. According to a PTI report, Qwik Supply gave the Shiv Sena the remaining Rs 25 crore in 2022.

    According to data submitted by the Election Commission, the company, which is referred to as a maker of warehouses and storage facilities, did not donate any funds to any other political party.

    Megha Engineering & Infra, situated in Hyderabad, and Future Gaming and Hotel Services, another obscure lottery company, both received donations and electoral bonds for a combined Rs 1,368 crore and Rs 966 crore from Qwik Supply.

    On April 8, 2021, Honeywell Properties Private Ltd, a different company with a Reliance connection, bought bonds totaling Rs 30 crore and delivered them all to the BJP.

    "Qwik Supply Chain Pvt Ltd is not a subsidiary of any Reliance entity," a Reliance Industries representative stated in answer to a thorough query when the Reliance connection was first made public last week. But it had remained silent about its affiliation with the company.



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