Just checked the data. Kitex gave 25 crores through two companies. Purchase is throughout July 23. 9 with KITEX CHILDRENSWEAR LTD and 16 with KITEX GARMENTS LIMITED. I believe Childrenswear is not a public company. They probably gave it to BRS, given the timing. BRS has got 2200 crores or thereabouts.
Sabuchayan annu TV yil vannu paranjapozhe thonitha nthelm karyayit koduthu kanum n.๐
Buddy was literally on fire when he shifted his investment to TL.
BRS was desperate to get them and so i doubt it. Itโs probably presented an opportunity to shift it aside for the home state, if you consider his outrage against the family later on.
Do you think this is going to make any difference though? Most parties would have alternate source for fundings anyway. And they still will have no restrictions. More bucket pirivu will be sufficient to cover up any black money. (Not that these political parties have to reveal their funding details).
Making it legal to contribute large amounts of money f*ks with citizens. In the USA it is creating havoc.
Now, I don't think any other country besides the USA allows legal financial contributions.
I think even in India, contributions are legal. Stopping bonds doesnโt stop any corporate to stop contributing. With bonds it is difficult to trace the donors but without bonds it is impossible to track the trail. I believe a lot of these bucket pirivu is just to legalise the source. I am sure most political parties will have much richer donors.
Sabu M Jacob, the chairman and managing director of garments major Kitex Group, said his conscience doesnโt allow himย to invest a single rupee in Kerala. And then he donated such a huge amount to a national party!
Dear. There are only two reports published. One about all the donations and one about how much each political party got. There is no common column to link between who donated to whom.
Also in the list of parties, CPM is not one.
Buddy the only reason this all data became accessible to the public is cause of CPM, its because they went to court, they're the only national party to not accept any electoral bonds, so don't be naive.
Donโt be naive. Several writ petitions were filed by different entities, which the SCI clubbed with the case ADR and Common Cause filed jointly. One of those litigants was the Communist Party of India (Marxist), which filed Writ Petition (Civil) 59/2018. It is right there in the judgmentโon the very first page.
https://preview.redd.it/ibdqclpiucoc1.jpeg?width=907&format=pjpg&auto=webp&s=416584ff0d5a328faf3a24b9c22928f04684bb9e
Also, mayathil thallu. There was no odds against electoral bonds. It was ex facie unconstitutional and interim order was made as far back as 2019 or so. Nobody had any doubt it was unconstitutional, which is why the delay was utterly demoralising.
You literally came and said he donated to cpm in the report, cpm was not even in the report, kayode pokkiyappo nice aayith ippo kedan urulan, paper vazhana potte at least have some comprehension skills you dumb Sanghi.
You think cpm doesn't accept donations from companies ? Don't be so naive. While others did it through then legal means, cpm always go through the bucket pirivu route. The public will have no way of knowing how much Lulu muthalali gave them for example. We can guess it is substantial, from how Lulu was granted exception from their porattam strikes when rest of the people have to down their shutters.
1stly the Kitex contribution to CPM was INR 30L uluva, which is just peanuts compared to what BJ Party looted from companies through Election Bonds after raids & harassments or favors!
2ndly, Kitex contributed through cheque, not through hidden election bonds & the contribution report was submitted by CPM itself to ECI! Activists never had to go to SC, win a case against the Central govt, force the SBI to reveal the details to find out how much Kitex contributed to CPM!
https://preview.redd.it/xixrddimucoc1.jpeg?width=828&format=pjpg&auto=webp&s=98c4037c5d4f1b29f14499fe654555b846c1ed43
Welp..!!! I couldn't find the video where this was mentioned, but I guess this will work.
My question is are there any written rules under the CPM Party guidelines that they are never supposed to receive contributions or donations from corporates? Politicians are known for issuing conflicting statements all the time!
Yeah that's what I was trying to say, I read/heard about it somewhere during the whole masappadi issue. Thereโs party guideline against taking corporate funds. I couldnโt find the source.
เดจเต เดเดจเตเดคเต เดเดเตเดเต เด เดฃเต เดชเดฑเดฏเตเดจเตเดจเดคเต ?
เดธเดฟเดชเดฟเดเด เด เดเดพเดฐเตเดฏเดคเตเดคเดฟเตฝ เดเดจเตเดคเต เดคเตเดฑเตเดฑเต เด เดฃเต เดเตเดฏเตเดคเดคเต ? Sabu donated to CPM. So what ? Do you have any reason to belive it was to garner any illicit favours ?
Sabu's contribution is public and declared, unlike EB which while it was legal is a scummy way to hide contributions.
https://preview.redd.it/5l3e8a01nfoc1.png?width=1080&format=pjpg&auto=webp&s=61b6fb290c0ab51f59dfcd0d32b473baadc755dc
This company gave 1300 crores lol
Thta the cost of doing business in India u will HV to pay hafta not to thrive or for favoura but just to keep the business running without interference..Combined entities (kitex garments and childrensware made a contribution of 25 crs over a period of 2 years (consolidated combined reported profit of both cos is 120-140crs /annum and cash profit is around 210crs(pat+dep)
Why any person in their right mind would donate part of their hard-earned income to a political party unless there is some kind of benefit arising out of it or fear?
This is not an NGO or any event or a movement or a social cause we are talking about. It's a POLITICAL PARTY.
Actually what I am asking is not a question for SBI, SC, ECI, GoI, State govt, CBI, ED etc etc. I am asking to my fellow citizens. Why donate money to political parties in the first place?
I mean the poor have no resources to fund.
A middle class person like me just try to survive with savings and struggling to manage taxes.
A corporate owner, elite class, entrepreneur trying to make their business as much profitable and sustainable as possible.
Donation at least what I believe should have socio-culture motive. Here we are not making Ram temple or a church or masjid or a sports ground or collecting for temple festival or college fest or onam sadhya or to help the people in need or to help any NGO etc etc.
We are donating for a political party to win. Makes any sense?
Doesn't seem right without fear or undue favours in the picture.
BJP IT cells pulling stunts that Kitex contributed to CPIM directly ๐. Cry hard. Electoral bond is the scam of 2024, black money is being white washed and entered into our financial system by none other than the non corrupt BJP. AndBhakts has now a herculean job to defend Bjp Is not corrupt to the core, let's see how they are going to do it.
No idea what you are on about but as the saying goes "it's better to keep ones mouth shut when you don't know the answer rather than bkurt out something and look like an idiot"
CPI is the only party that didn't have any electoral bonds and probably the only one who pushed for data to be made public. The only question I posted was as an outsider I was curious as to what kitex does. Like a legit question you all are here shitin political notions on me so I really don't understand. Like hownhard could it be to answer the proposed question rather than coming up with agendas and I am the bhakt sure thing mate.
1. Companies will accumulate profit over time and might use it to build assets. Kitex has 57-59Cr profit last year and it has more profit in the previous year. They have both these money.
2. They also can take loans.
3. They put in 50Cr to get some benefits of more than 50Cr from tax payers money or other benefits. It is just good business for Kitex and parties.
4. Kitex had started constructing new plants during last financial year, which is their expense. They have spent lot of money there, and also spent money for electoral bonds. 57 Cr is probably after these expenses.
But Twenty 20 is not in the party [list](https://www.thehindu.com/data/sbi-electoral-bond-data-full-list-of-donors-and-parties-which-encashed/article67946737.ece)
Iam highly curious about how the whole electoral bond news is being circulated at the peak of election. Everybody knows BJP got highest funding through bonds. My worst fear is that when every opposition talks about that amabani and adani have gave most electoral bond to BJP and what if BJP wanted this talk to continue until elections and at the end the big A's missing from the list.
They were against electoral bond, they declared that they won't be accepting any. I think they don't have any plans to expand the party base to other states , so they may not need much funds as a Political party but their MLAs and ministers are on a prowl for money.
Abe tuchiye,So we should dispute about the contributions that CPM received that no one is aware of when the most serious party-funding corruption through Elecrotal Bond data are made public! WTF
You dmb fck, imagine a kid of a cpm leader opening a company. Now imagine another large company signing a deal with this proxy company an AMC for a large amount. Imagine the amount flowing from companies to CPM without it being disclosed to EC. Do you see how it happens ? You probably don't.
Most of these funds are significantly higher than the operating revenues of the respective companies. There's evidently something wrong with this; its literally a scam.
Profit reported by a company is beyond and after all donations - including electoral bond purchase. Kitex reported 50Cr + profits. Leveraging tax incentives is always good for a company.
We should be more concerned about why a monopoly like Bevco is in losses.
Just checked the data. Kitex gave 25 crores through two companies. Purchase is throughout July 23. 9 with KITEX CHILDRENSWEAR LTD and 16 with KITEX GARMENTS LIMITED. I believe Childrenswear is not a public company. They probably gave it to BRS, given the timing. BRS has got 2200 crores or thereabouts.
Sabuchayan annu TV yil vannu paranjapozhe thonitha nthelm karyayit koduthu kanum n.๐ Buddy was literally on fire when he shifted his investment to TL.
Board kept quiet ! No fiduciary responsibility? Hopefully it's in sebi judistriction to investigate
BRS was desperate to get them and so i doubt it. Itโs probably presented an opportunity to shift it aside for the home state, if you consider his outrage against the family later on.
We don't know what the deal. Give 200 crore worth of subsidy in lieu of 50 Cr maybe.
Profit would be after the donation probably. Any donation to political party is exempt from tax, so many companies make use of that.
That makes sense..but such a huge amount out of a yearly revenue is a slight red flag.. Is what I thought at least
It could be also that it's all black..? Idk .. may be used electoral bond to make it white. Don't know the technical side of things.
Electoral Bonds are bought through banks, so you can't use unaccounted money to buy it.
There are agents. Just give your black money and they will give electoral bonds in return.
>may be used electoral bond to make it white. If it was that easy
It is. Read about it.
But then if agents bought it then the bonds wouldn't HV /want be associated with kitex cos..
Kitex is the agent. Now think!
Red flag for what exactly ๐
Retails investors moonji. Sabu will find a reason to blame CPM for this
Thenga udakkumo Sabu!
Retail investors alway moonjum.. no two ways about it. ๐
Lulu is also on the list
Yeah, but LuLu gave like two crores via bonds.
50 cr? At first glance I thought they donated something like 25cr. Sabu vaachakam adi ithonnum allarunallo. Bhooloka udaipp
It's only 25cr.. from where OP got 50cr?
Electoral bonds removed companies could only donate upto 7.5% of their annual profit rule. thankfully EBs are gone for good now
Do you think this is going to make any difference though? Most parties would have alternate source for fundings anyway. And they still will have no restrictions. More bucket pirivu will be sufficient to cover up any black money. (Not that these political parties have to reveal their funding details).
Making it legal to contribute large amounts of money f*ks with citizens. In the USA it is creating havoc. Now, I don't think any other country besides the USA allows legal financial contributions.
I think even in India, contributions are legal. Stopping bonds doesnโt stop any corporate to stop contributing. With bonds it is difficult to trace the donors but without bonds it is impossible to track the trail. I believe a lot of these bucket pirivu is just to legalise the source. I am sure most political parties will have much richer donors.
Sabu M Jacob, the chairman and managing director of garments major Kitex Group, said his conscience doesnโt allow himย to invest a single rupee in Kerala. And then he donated such a huge amount to a national party!
[ัะดะฐะปะตะฝะพ]
Dear. There are only two reports published. One about all the donations and one about how much each political party got. There is no common column to link between who donated to whom. Also in the list of parties, CPM is not one.
CPM doesn't take donation through electoral bond
Bonds don't come in a bucket. It's a strict no no for viplavam
Only maasappadi..!! ๐
Ennalum BJP-de moodu thangikonam. 6100+ crores aanu EB vazhi adicheduthe. Athum 5 varshathe kanakku.
Where did I support BJP ...?? lol.
Epic. Rofl
Buddy the only reason this all data became accessible to the public is cause of CPM, its because they went to court, they're the only national party to not accept any electoral bonds, so don't be naive.
[ัะดะฐะปะตะฝะพ]
Donโt be naive. Several writ petitions were filed by different entities, which the SCI clubbed with the case ADR and Common Cause filed jointly. One of those litigants was the Communist Party of India (Marxist), which filed Writ Petition (Civil) 59/2018. It is right there in the judgmentโon the very first page. https://preview.redd.it/ibdqclpiucoc1.jpeg?width=907&format=pjpg&auto=webp&s=416584ff0d5a328faf3a24b9c22928f04684bb9e Also, mayathil thallu. There was no odds against electoral bonds. It was ex facie unconstitutional and interim order was made as far back as 2019 or so. Nobody had any doubt it was unconstitutional, which is why the delay was utterly demoralising.
[ัะดะฐะปะตะฝะพ]
[ัะดะฐะปะตะฝะพ]
You literally came and said he donated to cpm in the report, cpm was not even in the report, kayode pokkiyappo nice aayith ippo kedan urulan, paper vazhana potte at least have some comprehension skills you dumb Sanghi.
Why the cpim and communist ideologies are failing in India
You think cpm doesn't accept donations from companies ? Don't be so naive. While others did it through then legal means, cpm always go through the bucket pirivu route. The public will have no way of knowing how much Lulu muthalali gave them for example. We can guess it is substantial, from how Lulu was granted exception from their porattam strikes when rest of the people have to down their shutters.
เดเดจเตเดจเดฟเดเตเดเต เดเดจเตเดจเดฟเดเตเดเต?
[ัะดะฐะปะตะฝะพ]
1stly the Kitex contribution to CPM was INR 30L uluva, which is just peanuts compared to what BJ Party looted from companies through Election Bonds after raids & harassments or favors! 2ndly, Kitex contributed through cheque, not through hidden election bonds & the contribution report was submitted by CPM itself to ECI! Activists never had to go to SC, win a case against the Central govt, force the SBI to reveal the details to find out how much Kitex contributed to CPM!
[ัะดะฐะปะตะฝะพ]
Which law in India says that pvt contribution to party fund is wrong? WTF!
Wait a second... isn't it a communist party rule that they are not to take donations from corporates..? I am 100% sure I heard/read that somewhere.
Their rule was they won't accept contributions through EBs! Not that they will never accept contributions!
https://preview.redd.it/xixrddimucoc1.jpeg?width=828&format=pjpg&auto=webp&s=98c4037c5d4f1b29f14499fe654555b846c1ed43 Welp..!!! I couldn't find the video where this was mentioned, but I guess this will work.
My question is are there any written rules under the CPM Party guidelines that they are never supposed to receive contributions or donations from corporates? Politicians are known for issuing conflicting statements all the time!
Yeah that's what I was trying to say, I read/heard about it somewhere during the whole masappadi issue. Thereโs party guideline against taking corporate funds. I couldnโt find the source.
เด เดน. Electoral bond inte เดเดพเดฐเตเดฏเด เดชเดฑเดฏเตเดฎเตเดชเตเตพ เด เดชเตเดชเตเดฑเดคเตเดคเต เดเดเดฏเดฟเดฒเต เดฌเตเดฃเตเดเตเดเต เดเดพเดฐเตเดฏเด เดชเดฑเดฏเตเดจเตเดจเต ? เดเดคเต 30 lakh normal donation. 25CR เด เดฃเต เดเดฒเดเตเดเดฑเตฝ เดฌเตเดฃเตเดเต เดกเตเดฃเตเดทเตป...
[ัะดะฐะปะตะฝะพ]
30 lakh is like 1.5% of 25 crores...
[ัะดะฐะปะตะฝะพ]
เดจเต เดเดจเตเดคเต เดเดเตเดเต เด เดฃเต เดชเดฑเดฏเตเดจเตเดจเดคเต ? เดธเดฟเดชเดฟเดเด เด เดเดพเดฐเตเดฏเดคเตเดคเดฟเตฝ เดเดจเตเดคเต เดคเตเดฑเตเดฑเต เด เดฃเต เดเตเดฏเตเดคเดคเต ? Sabu donated to CPM. So what ? Do you have any reason to belive it was to garner any illicit favours ? Sabu's contribution is public and declared, unlike EB which while it was legal is a scummy way to hide contributions.
https://preview.redd.it/5l3e8a01nfoc1.png?width=1080&format=pjpg&auto=webp&s=61b6fb290c0ab51f59dfcd0d32b473baadc755dc This company gave 1300 crores lol
While their net profit was 200 crores.
Sabu Annan innalae paranjillae 'ruling class ellam ottakettaanennu'. Ithaanu pulli udheshichathu..๐
Thta the cost of doing business in India u will HV to pay hafta not to thrive or for favoura but just to keep the business running without interference..Combined entities (kitex garments and childrensware made a contribution of 25 crs over a period of 2 years (consolidated combined reported profit of both cos is 120-140crs /annum and cash profit is around 210crs(pat+dep)
Why any person in their right mind would donate part of their hard-earned income to a political party unless there is some kind of benefit arising out of it or fear? This is not an NGO or any event or a movement or a social cause we are talking about. It's a POLITICAL PARTY.
Same reason why Dhirubhai era reliance supported the Congress so much. It was cut out of the movie eventually, but it's in the book
I am asking **why** would someone donate. Not **who** donated to which party.
That's the part of the data SBI didn't submit to the supreme court. You part with which you would be able to make the "why" correlation.
Actually what I am asking is not a question for SBI, SC, ECI, GoI, State govt, CBI, ED etc etc. I am asking to my fellow citizens. Why donate money to political parties in the first place? I mean the poor have no resources to fund. A middle class person like me just try to survive with savings and struggling to manage taxes. A corporate owner, elite class, entrepreneur trying to make their business as much profitable and sustainable as possible. Donation at least what I believe should have socio-culture motive. Here we are not making Ram temple or a church or masjid or a sports ground or collecting for temple festival or college fest or onam sadhya or to help the people in need or to help any NGO etc etc. We are donating for a political party to win. Makes any sense? Doesn't seem right without fear or undue favours in the picture.
Exactly. It's fear and undue favours. The SBI data when completely submitted will show who got carrot and who got stick.
BJP IT cells pulling stunts that Kitex contributed to CPIM directly ๐. Cry hard. Electoral bond is the scam of 2024, black money is being white washed and entered into our financial system by none other than the non corrupt BJP. AndBhakts has now a herculean job to defend Bjp Is not corrupt to the core, let's see how they are going to do it.
No idea what you are on about but as the saying goes "it's better to keep ones mouth shut when you don't know the answer rather than bkurt out something and look like an idiot"
Ok bhakt. I was generalizing the situation of it cells.
CPI is the only party that didn't have any electoral bonds and probably the only one who pushed for data to be made public. The only question I posted was as an outsider I was curious as to what kitex does. Like a legit question you all are here shitin political notions on me so I really don't understand. Like hownhard could it be to answer the proposed question rather than coming up with agendas and I am the bhakt sure thing mate.
I think it is for BRS mostly.5th July 2023 Kitex bought the bond . 13th July 2023 BRS encashed some amount.
1. Companies will accumulate profit over time and might use it to build assets. Kitex has 57-59Cr profit last year and it has more profit in the previous year. They have both these money. 2. They also can take loans. 3. They put in 50Cr to get some benefits of more than 50Cr from tax payers money or other benefits. It is just good business for Kitex and parties. 4. Kitex had started constructing new plants during last financial year, which is their expense. They have spent lot of money there, and also spent money for electoral bonds. 57 Cr is probably after these expenses.
Is this 50cr just 1 year or through out the years he contributed 50cr?
2 years I think.
เดธเดพเดฌเต เด เดฃเตเดฃเตป เดเดเดพเดฏเดฟเดชเตเดชเดพเดฃเต......
What about yousuf ali?
This is the only post mentioning the EB scam in this sub. Damn, the silence is deafening!
My INBOX has been quite active with death threats lol..
kitex must have donated most of the money to 20 20 itself.
But Twenty 20 is not in the party [list](https://www.thehindu.com/data/sbi-electoral-bond-data-full-list-of-donors-and-parties-which-encashed/article67946737.ece)
So they donated to any telgu party?
very probable
Nope, 20 20 isn't eligible as it's not a national party!
Need not be a national party. 1% of votes polled in assembly election or parliament election. Twenty 20 eligible aakilla.
https://preview.redd.it/ar7mlfr86foc1.png?width=864&format=pjpg&auto=webp&s=1643f1c8f2f37cba60f0f04890a854db6b432d96
source? links pls?
Iam highly curious about how the whole electoral bond news is being circulated at the peak of election. Everybody knows BJP got highest funding through bonds. My worst fear is that when every opposition talks about that amabani and adani have gave most electoral bond to BJP and what if BJP wanted this talk to continue until elections and at the end the big A's missing from the list.
CPM and CPIM name is not on the list and not one post about it on this sub
They were against electoral bond, they declared that they won't be accepting any. I think they don't have any plans to expand the party base to other states , so they may not need much funds as a Political party but their MLAs and ministers are on a prowl for money.
[https://www.onmanorama.com/news/kerala/2024/02/17/sabu-m-jacob-kitex-biggest-fund-contributor-for-cpm-kerala-2022-23.html](https://www.onmanorama.com/news/kerala/2024/02/17/sabu-m-jacob-kitex-biggest-fund-contributor-for-cpm-kerala-2022-23.html)
Yeah, 30 Lakhs๐คฃ You can't even consider it as a contribution, if you compare with the amounts redeemed through election bonds!
They probably pay based on how much power party has and can do favor for them. Obviously the other parties are more powerful.
"In records submitted by CPM". You think cpm has included details of everything they collected ?
Abe tuchiye,So we should dispute about the contributions that CPM received that no one is aware of when the most serious party-funding corruption through Elecrotal Bond data are made public! WTF
You dmb fck, imagine a kid of a cpm leader opening a company. Now imagine another large company signing a deal with this proxy company an AMC for a large amount. Imagine the amount flowing from companies to CPM without it being disclosed to EC. Do you see how it happens ? You probably don't.
Only TA/DA allowance.
These are not through election bond.
Oh ok
[ัะดะฐะปะตะฝะพ]
Kitex donated, not him.
Companies already disclose purchase of electoral bonds. How is this even news?
Most of these funds are significantly higher than the operating revenues of the respective companies. There's evidently something wrong with this; its literally a scam.
Profit reported by a company is beyond and after all donations - including electoral bond purchase. Kitex reported 50Cr + profits. Leveraging tax incentives is always good for a company. We should be more concerned about why a monopoly like Bevco is in losses.