Timblo Pvt Ltd donated 9 times to BJP and thrice to INC Between FY 2004-05 and 2011-12

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 crores and 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 

Name

Address

Pan Given

Amount

Contribution Mode

Financial Year

 TIMBLO PVT LTD-Radha S Timblo Managing Director

Kadar Manzil, PO No-34, Margoa-403601, Goa, India

N

                             25,00,000

031097, Federal Bank, Panaji

2011-2012

 Timblo Pvt Ltd

CAPSEM, CUOCHADE-GOA

N

                             25,00,000

CHEQUE NO. 101484 HDFC BANK MARGAO-G0A

2006-2007

 Dilip Timblo

Radha Enclave 8301311,1st Floor Next to Alta mont society Ascania Da costa Road

Y

                             25,00,000

315549 ICICI Bank Ltd

2011-2012

Panduranga Timblo Industries

Shubash Timblo Bhavan 1st Floor Margao Goa

Y

                             20,00,000

261677 SBI Panji

2011-2012

Panduranga Timblo Industries

shaubash Timbo Bhavan 1st Floor Margoa Goa 403601

Y

                             10,00,000

261680 SBI Panji

2011-2012

 Timblo Pvt. Ltd.

Margao Goa

N

                               7,00,000

766610 HDFC Bank. Margao

2005-2006

 Timblo Pvt Ltd

Capsem, Cudchade Goa

N

                               3,00,000

Cheque No. 329754, The Madgaon Urban Co-Op Bank Ltd Margao

2004-2005

 TIMBLO PVT LTD

Capsem, Cudchade Goa

N

                               2,00,000

CHEQUE NO. 844542 HDFC BANK. MARGAO-GOA

2006-2007

 Timblo Pvt. Ltd

Capsem, Cudchade-Goa

N

                               1,00,000

372893 Madgaum Urban Co-op. Bank Ltd. Margac

2005-2006

Chamanbhai Lodhiya, Rajkot  (Pankaj Lodhiya, Rajkot)

--

N

                                   51,000

093035 Axis Bank Ltd.Rajkot City

2011-2012

Total Donations (Rs)

Rs 1,18,51,000 (~Rs 1.185 crores)

Donations to Indian National Congress 

Name

Address

Pan Given

Amount

Contribution Mode

Financial Year 

Timblo Pvt.Ltd.

Margao

N

                             30,00,000

Cheque No- 002708/date 29-03-2012, The Federal Bank Panaji GOA

2011-2012

Timblo Pvt.Ltd.

Margao

N

                             25,00,000

Cheque No- 031498/date 24-03-2012, The Federal Bank Panaji GOA

2011-2012

Timblo Pvt.Ltd.

P.O. Box 34, Kedar Manzil, Margao-403601,Goa

Y

                             10,00,000

Ch.No.035245/Dtd.20.04.2009 HDFC Bank Ltd. Margoa Branch

2009-2010

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.

Media coverage can be found here

Title

Date

Source

City

न्यूज़ प्वाइंट : काले धन का बड़ा सवाल NDTV India (Prof Chhokar)

27.10.2014

NDTV India Hindi

New Delhi

Black Money: Tainted Timblo Donated to BJP, Congress

28.10.2014

International Business Times

New Delhi

Black Money trail: Timblo donated nine times to BJP and thrice to Congress

28.10.2014

Business Standard

New Delhi

Black money account holder big donor to BJP, Congress

28.10.2014

The Times of India

CHENNAI

Timblo Pvt Ltd in list of Swiss a/c holders given to SC

28.10.2014

The Times of India

Panaji (Goa)

Radha Timblo not new to controversy

28.10.2014

The Times of India

Panaji (Goa)

On Government's Black Money List, People Who Donated to BJP, Congress

28.10.2014

NDTV

New Delhi

Congress, BJP Get Enough from Defaulters

28.10.2014

The New Indian Express

New Delhi

Alleged black money account holder Radha Timblo and Pankaj Lodhia, funded both BJP and Congress

28.10.2014

DNA

New Delhi

Goa miner donated to BJP, Congress: ADR

28.10.2014

Hindustan Times

New Delhi

Timblo Pvt Ltd donated 9 times to BJP and thrice to Congress: ADR Report

27.10.2014

ABP News

New Delhi

Black money live: Miner Timblo donated Rs 1.18 cr to BJP, Rs 65 lakh to Cong

27.10.2014

First Post Politics

New Delhi

Both BJP, Cong received donations from Timblo, says ADR report

27.10.2014

Business Line

Panaji (Goa)

Timblo donated to BJP, Cong.

27.10.2014

The Hindu

Panaji (Goa)

Black money live: Lodhiya, Timblo had made donations to both Cong and BJP, say reports

27.10.2014

First Post Politics

New Delhi

Timblo donated money to BJP, Congress

27.10.2014

Deccan Herald

New Delhi

On black list & donor list - Goa miner among BJP, Cong contributors

27.10.2014

The Telegraph

New Delhi

Goa miner donated to BJP, Congress: ADR

27.10.2014

Business Standard

New Delhi

Black money list: Govt. disclose 8 names

27.10.2014

Nagaland Post

New Delhi

Timblo, Lodhia made donations to BJP, Congress, say watchdog NGOs

27.10.2014

One india news

New Delhi

Alleged black money account holder donated nine times to BJP, thrice to Congress: ADR report

27.10.2014

IBN Live

New Delhi



 

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