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Timblo Pvt Ltd donated 9 times to BJP and thrice to INC

28102014

Between FY 2004-05 and 2011-12
New Delhi: The Central Government, today, filed an affidavit with the Supreme Court disclosing the names of three persons who have allegedly stashed black money abroad thus evading tax. These include Goa miner Radha S Timblo, former Dabur executive Mr Pradip Burman and Rajkot based bullion trader, Mr Pankaj Chimanlal Lodhia.
An analysis of the donations made by individuals and corporates to the National Parties between FY 2004-05 and 2011-12 shows that Timblo Pvt Ltd, whose Managing Director is Radha Timblo, had donated nine times to BJP amounting to a total of Rs 1.18 croresand thrice to INC, amounting to a total of Rs 65 lakhs in seven years. Also, the BJP’s donations report for the FY 2011-12 lists the name of Chamanbhai Lodhiya from Rajkot who had donated a total of Rs 51 thousand to the party. Details of all donations made by Timblo Pvt Ltd and its representatives are listed below:
Donations to Bharatiya Janata Party
NameAddressPan GivenAmountContribution ModeFinancial Year
 TIMBLO PVT LTD-Radha S Timblo Managing DirectorKadar Manzil, PO No-34, Margoa-403601, Goa, IndiaN                             25,00,000031097, Federal Bank, Panaji2011-2012
 Timblo Pvt LtdCAPSEM, CUOCHADE-GOAN                             25,00,000CHEQUE NO. 101484 HDFC BANK MARGAO-G0A2006-2007
 Dilip TimbloRadha Enclave 8301311,1st Floor Next to Alta mont society Ascania Da costa RoadY                             25,00,000315549 ICICI Bank Ltd2011-2012
Panduranga Timblo IndustriesShubash Timblo Bhavan 1st Floor Margao GoaY                             20,00,000261677 SBI Panji2011-2012
Panduranga Timblo Industriesshaubash Timbo Bhavan 1st Floor Margoa Goa 403601Y                             10,00,000261680 SBI Panji2011-2012
 Timblo Pvt. Ltd.Margao GoaN                               7,00,000766610 HDFC Bank. Margao2005-2006
 Timblo Pvt LtdCapsem, Cudchade GoaN                               3,00,000Cheque No. 329754, The Madgaon Urban Co-Op Bank Ltd Margao2004-2005
 TIMBLO PVT LTDCapsem, Cudchade GoaN                               2,00,000CHEQUE NO. 844542 HDFC BANK. MARGAO-GOA2006-2007
 Timblo Pvt. LtdCapsem, Cudchade-GoaN                               1,00,000372893 Madgaum Urban Co-op. Bank Ltd. Margac2005-2006
Chamanbhai Lodhiya, Rajkot  (Pankaj Lodhiya, Rajkot)–N                                   51,000093035 Axis Bank Ltd.Rajkot City2011-2012
Total Donations (Rs)Rs 1,18,51,000 (~Rs 1.185 crores)



Donations to Indian National Congress
NameAddressPan GivenAmountContribution ModeFinancial Year 
Timblo Pvt.Ltd.MargaoN                             30,00,000Cheque No- 002708/date 29-03-2012, The Federal Bank Panaji GOA2011-2012
Timblo Pvt.Ltd.MargaoN                             25,00,000Cheque No- 031498/date 24-03-2012, The Federal Bank Panaji GOA2011-2012
Timblo Pvt.Ltd.P.O. Box 34, Kedar Manzil, Margao-403601,GoaY                             10,00,000Ch.No.035245/Dtd.20.04.2009 HDFC Bank Ltd. Margoa Branch2009-2010
Total Donations (Rs)Rs 65,00,000 (~Rs 65 lakhs)

There are a total of 13 Electoral Trusts, only seven of which have been approved by the Central Bureau of Direct Taxes (CBDT) because they were formed after the CBDT rules governing Electoral Trusts were notified on the 31st January, 2013. The remaining six Electoral Trusts were already in existence before the CBDT rules for such Trusts were notified.
The seven Electoral Trusts formed after the CBDT rules came into effect are required to submit details of their donations to the ECI. The remaining six formed before the CBDT rules came into existence are not required to do so under the current dispensation. These six Electoral Trusts have donated more than Rs 105 crores to national parties between 2004-05 and 2011-12. Details of these donations are not known.
Since details of donors who made contributions to these six Electoral Trusts which were in existence before the CBDT rules are not known, it cannot be verified whether the funding of political parties through Electoral Trusts was not only a means of getting tax exemption but also a means to convert black money stashed in tax havens to white money in India.
Therefore details of donors of Rs 105 crores donated to political parties by the six Electoral Trusts which were formed before the CBDT rules came into existence, should also be disclosed. These Trusts include General Electoral Trust, Electoral Trust, Harmony Electoral Trust, Corporate Electoral Trust, Bharti Electoral Trust and Satya Electoral Trust.
Contact Details
Media and Journalist Helpline

+91 80103 94248
Email: adr@adrindia.org
Mr Anil Verma
Head

National Election Watch and Association for Democratic Reforms

+91 8826479910
anilverma@adrindia.org

Prof Jagdeep Chhokar
IIM Ahmedabad (Retd)
Founder Member National Election Watch, Association for Democratic
Reforms
+919999620944
jchhokar@gmail.com

Prof Trilochan Sastry
IIM Bangalore
Founder Member,
National Election Watch,
Association for Democratic Reforms
+919448353285,
trilochans@iimb.ernet.in

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