BJP on Thursday said it will demand a probe by Election Commission (EC) into funds received by Trinamool Congress. BJP alleged that the ruling party used small companies to divert chit fund money to fund its campaign for the 2014 Lok Sabha polls.

BJP national secretary Sidharth Nath Singh said that BJP will lodge a complaint with EC soon and submit all relevant documents.

A number of political parties recently submitted their annual reports of donations over Rs 20,000 received by them, as stipulated under Section 29C of the Representation of the People Act, 1951. The act enables recognized political parties to get tax exemptions on this income.
According to the report filed by Trinamool national secretary Mukul Roy on September 25, Rs 1.4 crore had been donated by Trinetra Consultant Private Limited — a British Indian Street company — to it. This is Trinamool's only external donation over Rs 20,000.

Singh said, "The audit report and the balance sheet of the company show that in 2011-12 its revenue was just Rs 19,000, in 2012-13 it was Rs 16,000 and it was Rs 33,000 in 2013-14. How can such a company donate such amounts? According to company rule, only 5% of the average net profit can be donated. The papers have Mukul Roy's signature. He should explain how he received the money. We think it is chit fund money, which was routed through such companies."

Singh also said that one of the directors of the company was a director of at least 61 other companies. "We fear that chit fund money is being channelized to the party through this mechanism," Singh said.



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