The alleged Electoral Bond Scam involving BRS leader KCR has raised concerns about the misuse of public funds for political gains. Reports suggest that KCR received substantial amounts of money from various companies in exchange for favors, ultimately leading to a loss of public funds.
Among the reported transactions, KCR allegedly received 195 crores from MEIL and awarded them the Kaleshwaram project contract. Yashoda Hospital purportedly paid 94 crores to KCR and acquired lands in the financial district. Similarly, RAMKO paid 50 crores and secured a 500 crores dump yard contract. My Home Group reportedly gave 49 crores and benefited from government land auctions.
Greenco reportedly paid 40 crores to secure the Formula E race contract, while IRB paid 25 crores and obtained the Outer Ring Road contract. Kitex allegedly paid 26 crores and, in return, received 187 acres of land forcibly taken from farmers.
Rajapushpa paid 25 crores and was allegedly granted government land by KCR, while Hetero paid 50 crores and its owner received a Rajya Sabha seat. Other companies involved include Reddy Labs (32 crores), Hitech (22 crores), Natco (20 crores), Divi’s (20 crores), Aurobindo (15 crores), and Sandhya Construction (13 crores).
These allegations suggest a gross misuse of public funds, where companies paid exorbitant amounts to KCR in exchange for favors, compromising the integrity of the electoral process and public trust. Such practices undermine the democratic principles of transparency and fairness in elections.
