IFB Agro Industries Approves Contributions to Political Parties in form of Electoral Bonds Subscription Shivam Dwivedi 4 April, 2022 https://krishijagran.com/news/ifb-agro-industries-approves-contributions-to-political-parties-in-form-of-electoral-bonds-subscription/
In fact, this is not the first time the company's board of directors has approved subscriptions to such electoral bonds. Citing the same issue, the company decided in October last year to approve contributions to political parties via subscription to electoral bonds in one or more tranches totalling not more than 25 crore for FY22. It did not, however, mention the name of the party.
"Furthermore, the company's alcohol business has been suffering and is under threat, as we have been singled out by certain excise officials for refusing to comply with their illegal demands; we have requested the Chief Minister of West Bengal and also the Finance, Commerce and Industry Minister of the State of West Bengal to look into/investigate the same," it said in its filing.
Electoral bonds are almost becoming an official bribe tool in this country https://youtube.com/embed/uHmkBIO8eZo?start=767&end=942 when people have been shouting at the
top of their wise voice like i am right
now that electoral bonds is possibly
another official form of bribe This example right in front of us --ifb agro industries limited
IFB Agro board okays ₹40 cr electoral bond contribution https://economictimes.indiatimes.com/news/politics-and-nation/ifb-agro-board-okays-40-cr-electoral-bond-contribution/articleshow/90628841.cms "The Board of Directors in its meeting dated 31st March, 2022, considered such issues and in the best interest of the company and all its stakeholders decided to approve contributions to political parties by way of subscription to the electoral bonds in one or more tranches aggregating not more than ₹40 crores for the financial year 2022-23," said the IFB release.
In December 2020, IFB Agro had said its alcohol business had been "suffering-and is under threat". "...we have been singled out by certain excise officials for not succumbing to their illegal demands - have requested the Hon'ble Chief Minister of West Bengal and also from Hon'ble Finance, Commerce and Industry Minister of the State of West Bengal to look into/investigate the same," the company said in an exchange disclosure then.