Who’s Sarath Chandra Reddy? Liquor scam approver who paid crores in EBs

Hyderabad-based businessman Sarath Chandra Reddy, the man whose revelations led to the arrest of BRS MLC K. Kavitha and Delhi CM Aravind Kejriwal over the past week, also paid Rs 55 crore to the Bharatiya Janata Party through electoral bonds, the data released on March 21 reflected.

Sarath Chandra Reddy won licences for five liquor retail zones under the excise policy that was implemented in Delhi from November 2021 to July 2022. He was arrested by the Enforcement Directorate on November 11, 2022 and four days later, Aurobindo Pharma, in which he is a director, paid Rs 5 crore to the BJP through electoral bonds, reports said.

After his bail in May 2023, Reddy turned approver and his firm paid another Rs 25 crore to the BJP through bonds on November 8, 2023. Also, two other companies connected to Aurobindo Pharma — Eugia Pharma Specialities Ltd and APL Healthcare Ltd are wholly-owned subsidiaries of Aurobindo Pharma — donated Rs 25 crore to the BJP.

The Enforcement Directorate has alleged that the “South Group”, which includes Reddy and others from Telangana and Andhra Pradesh, gave Rs 100 crore to AAP leaders, which it said was used by the party in 2022 Goa Assembly elections. ED further said that the loss to the Delhi government under this excise policy amounts to Rs 2,873 crore in revenues.

In Andhra Pradesh, Aurobindo Pharma donated to the Telugu Desam Party and In Telangana to BRS, according to the data available on Electoral Bonds.

 

 

 

Electoral Bonds Data Published on Election Commission Website, Initial Revelations

The electoral bonds data published by the Election Commission of India on its official website reveals the donor side and the political parties but not connect who received from whom. However, initial data interpretation showed that political parties received more than Rs 12,769 crore as donations from corporates and individuals since 2019.

A total of 20,421 electoral bonds were encashed since 2019 and of these, 12,207 bonds were of Rs 1 crore each; 5,366 bonds (Rs 10 lakh each); 2,526 (Rs 1 lakh each); 219 bonds (Rs 10,000 each); and 103 were of Rs 1,000 each.

The BJP received a maximum Rs 6,060 crore as donations and encashed 5,854 bonds of Rs 1 crore each and 1,994 bonds of Rs 10 lakh each. Apart from bonds of Rs 1 lakh and Rs 10,000, it also encashed 31 bonds worth Rs 1000 each.

The next recipient was Trinamool Congress which redeemed 3,275 electoral bonds of about Rs 1,609 crore of which 1,467 were of Rs 1 crore each and 1,384 bonds were of Rs 10 lakh each.

The Congress came third with 3,141 encashed electoral bonds of about Rs 1,421 crore, which included 1,318 bonds of Rs 1 crore each and 958 bonds of Rs 10 lakh each.

In all, there were 1,260 companies and individuals who purchased electoral bonds worth ₹12,769 crore. Ms SN Mohanty is the biggest individual donor on the list with total donations of ₹45 crore, followed by Lakshmi Niwas Mittal who donated ₹35 crore.