Monday, August 27, 2012

Vedanta’s $5.69 m donations

New Delhi, 26 Aug: Mining group Vedanta Resources paid $ 5.69 million (about Rs 28 crore) to political parties in India in last three years. Without disclosing the beneficiaries, billionaire Mr Anil Agarwal-promoted Vedanta in its annual report for 2011-12 stated that it paid $2.01 million to political parties in 2011-12. This donation was, however, lower than $ 3.66 million it had paid in 2009-10, when last general elections were held in the country. A company spokesperson did not reply to the queries. According to its annual reports, Vedanta has paid  $8.29 million to the political parties since 2003-04, when it got listed London Stock Exchange. However, it did not make a single donation for three years between 2006-07 to 2008-09.  pti

Source: The Statesman 27 August

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