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Timblo Pvt Ltd donated 9 times to BJP and thrice to INC Between FY 2004-05 and 2011-12
The Central Government, today, filed an affidavit with the Supreme Court disclosing the names of three persons who have allegedly stashed black money abroad thus evading tax. These include Goa miner Radha S Timblo, former Dabur executive Mr Pradip Burman and Rajkot based bullion trader, Mr Pankaj Chimanlal Lodhia.
An analysis of the donations made by individuals and corporates to the National Parties between FY 2004-05 and 2011-12 shows that Timblo Pvt Ltd, whose Managing Director is Radha Timblo, had donated nine times to BJP amounting to a total of Rs 1.18 crores and thrice to INC, amounting to a total of Rs 65 lakhs in seven years. Also, the BJP’s donations report for the FY 2011-12 lists the name of Chamanbhai Lodhiya from Rajkot who had donated a total of Rs 51 thousand to the party. Details of all donations made by Timblo Pvt Ltd and its representatives are listed below:
Donations to Bharatiya Janata Party
Name |
Address |
Pan Given |
Amount |
Contribution Mode |
Financial Year |
TIMBLO PVT LTD-Radha S Timblo Managing Director |
Kadar Manzil, PO No-34, Margoa-403601, Goa, India |
N |
25,00,000 |
031097, Federal Bank, Panaji |
2011-2012 |
Timblo Pvt Ltd |
CAPSEM, CUOCHADE-GOA |
N |
25,00,000 |
CHEQUE NO. 101484 HDFC BANK MARGAO-G0A |
2006-2007 |
Dilip Timblo |
Radha Enclave 8301311,1st Floor Next to Alta mont society Ascania Da costa Road |
Y |
25,00,000 |
315549 ICICI Bank Ltd |
2011-2012 |
Panduranga Timblo Industries |
Shubash Timblo Bhavan 1st Floor Margao Goa |
Y |
20,00,000 |
261677 SBI Panji |
2011-2012 |
Panduranga Timblo Industries |
shaubash Timbo Bhavan 1st Floor Margoa Goa 403601 |
Y |
10,00,000 |
261680 SBI Panji |
2011-2012 |
Timblo Pvt. Ltd. |
Margao Goa |
N |
7,00,000 |
766610 HDFC Bank. Margao |
2005-2006 |
Timblo Pvt Ltd |
Capsem, Cudchade Goa |
N |
3,00,000 |
Cheque No. 329754, The Madgaon Urban Co-Op Bank Ltd Margao |
2004-2005 |
TIMBLO PVT LTD |
Capsem, Cudchade Goa |
N |
2,00,000 |
CHEQUE NO. 844542 HDFC BANK. MARGAO-GOA |
2006-2007 |
Timblo Pvt. Ltd |
Capsem, Cudchade-Goa |
N |
1,00,000 |
372893 Madgaum Urban Co-op. Bank Ltd. Margac |
2005-2006 |
Chamanbhai Lodhiya, Rajkot (Pankaj Lodhiya, Rajkot) |
-- |
N |
51,000 |
093035 Axis Bank Ltd.Rajkot City |
2011-2012 |
Total Donations (Rs) |
Rs 1,18,51,000 (~Rs 1.185 crores) |
Donations to Indian National Congress
Name |
Address |
Pan Given |
Amount |
Contribution Mode |
Financial Year |
Timblo Pvt.Ltd. |
Margao |
N |
30,00,000 |
Cheque No- 002708/date 29-03-2012, The Federal Bank Panaji GOA |
2011-2012 |
Timblo Pvt.Ltd. |
Margao |
N |
25,00,000 |
Cheque No- 031498/date 24-03-2012, The Federal Bank Panaji GOA |
2011-2012 |
Timblo Pvt.Ltd. |
P.O. Box 34, Kedar Manzil, Margao-403601,Goa |
Y |
10,00,000 |
Ch.No.035245/Dtd.20.04.2009 HDFC Bank Ltd. Margoa Branch |
2009-2010 |
Total Donations (Rs) |
Rs 65,00,000 (~Rs 65 lakhs) |
There are a total of 13 Electoral Trusts, only seven of which have been approved by the Central Bureau of Direct Taxes (CBDT) because they were formed after the CBDT rules governing Electoral Trusts were notified on the 31st January, 2013. The remaining six Electoral Trusts were already in existence before the CBDT rules for such Trusts were notified.
The seven Electoral Trusts formed after the CBDT rules came into effect are required to submit details of their donations to the ECI. The remaining six formed before the CBDT rules came into existence are not required to do so under the current dispensation. These six Electoral Trusts have donated more than Rs 105 crores to national parties between 2004-05 and 2011-12. Details of these donations are not known.
Since details of donors who made contributions to these six Electoral Trusts which were in existence before the CBDT rules are not known, it cannot be verified whether the funding of political parties through Electoral Trusts was not only a means of getting tax exemption but also a means to convert black money stashed in tax havens to white money in India.
Therefore details of donors of Rs 105 crores donated to political parties by the six Electoral Trusts which were formed before the CBDT rules came into existence, should also be disclosed. These Trusts include General Electoral Trust, Electoral Trust, Harmony Electoral Trust, Corporate Electoral Trust, Bharti Electoral Trust and Satya Electoral Trust.
Media coverage can be found here
Title |
Date |
Source |
City |
न्यूज़ प्वाइंट : काले धन का बड़ा सवाल NDTV India (Prof Chhokar) |
27.10.2014 |
NDTV India Hindi |
New Delhi |
28.10.2014 |
International Business Times |
New Delhi |
|
Black Money trail: Timblo donated nine times to BJP and thrice to Congress |
28.10.2014 |
Business Standard |
New Delhi |
28.10.2014 |
The Times of India |
CHENNAI |
|
28.10.2014 |
The Times of India |
Panaji (Goa) |
|
28.10.2014 |
The Times of India |
Panaji (Goa) |
|
On Government's Black Money List, People Who Donated to BJP, Congress |
28.10.2014 |
NDTV |
New Delhi |
28.10.2014 |
The New Indian Express |
New Delhi |
|
Alleged black money account holder Radha Timblo and Pankaj Lodhia, funded both BJP and Congress |
28.10.2014 |
DNA |
New Delhi |
28.10.2014 |
Hindustan Times |
New Delhi |
|
Timblo Pvt Ltd donated 9 times to BJP and thrice to Congress: ADR Report |
27.10.2014 |
ABP News |
New Delhi |
Black money live: Miner Timblo donated Rs 1.18 cr to BJP, Rs 65 lakh to Cong |
27.10.2014 |
First Post Politics |
New Delhi |
Both BJP, Cong received donations from Timblo, says ADR report |
27.10.2014 |
Business Line |
Panaji (Goa) |
27.10.2014 |
The Hindu |
Panaji (Goa) |
|
Black money live: Lodhiya, Timblo had made donations to both Cong and BJP, say reports |
27.10.2014 |
First Post Politics |
New Delhi |
27.10.2014 |
Deccan Herald |
New Delhi |
|
On black list & donor list - Goa miner among BJP, Cong contributors |
27.10.2014 |
The Telegraph |
New Delhi |
27.10.2014 |
Business Standard |
New Delhi |
|
27.10.2014 |
Nagaland Post |
New Delhi |
|
Timblo, Lodhia made donations to BJP, Congress, say watchdog NGOs |
27.10.2014 |
One india news |
New Delhi |
Alleged black money account holder donated nine times to BJP, thrice to Congress: ADR report |
27.10.2014 |
IBN Live |
New Delhi |