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The Hindu
The Hindu
National
The Hindu Bureau

Electoral bonds linked to project clearances by BRS government in Telangana

BRS Bonds EC ED Bharatiya Janata Party Telangana TDP The Election Commission YSRCP the State Bank of India

The purchase of electoral bonds and subsequent encashment by the then ruling party in Telangana, the Bharat Rashtra Samithi (BRS), seemed to be closely linked to the award of contracts and opening of new units by donor companies, if the report submitted to the Election Commission (EC) is to be believed.

In Telangana, the BRS encashed the bonds donated by IRB Infra, which were purchased a few weeks after the Outer Ring Road (ORR) contract was awarded to the company. The BRS government gave a Letter of Acceptance (LoA) to IRB Infra on April 27, 2023, leasing out the ORR for 30 years for maintenance.

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