Black Money Account Holders Funded Bjp, Cong?

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Pankaj Chimanlal Lodhia and Radha Timblo, who are accused of stashing black money in tax havens have been said to be regular contributors to political parties. These allegations have been levelled on the basis of the information released by association for democratic reforms (ADR), a body that works towards better democracy. The body released the names along with the money they had contributed to the prominent political parties as per the details given to the election commission.


The information says Radha Timblo and Pankaj Chimanlal Lodhia, funded both the BJP and the Congress. BJP was funded nine times and twice the amount given to the Congress. Timblo is in the mining business in Goa, and Lodhia is a bullion trader from Rajkot. Both their names were provided by the government to the Supreme Court.

Timblo had donated Rs 1.18 crores between 2004 and 2012 to the BJP, while Lodhia had contributed Rs 51,000 to the ruling party. The former also gave Rs 65 lakh to the Congress. The money was channelled from Timblo Pvt Ltd, whose managing director is Radha.


Tags : Regular contributors, tax, Black money, Radha timblo, Pankaj chimanlal lodhia, New Delhi, India, Politics, English

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