Sesa Goa's defence: Donations to political parties were legal

Panaji: Mining major Sesa Goa, a subsidiary of Vedanta Resources, today said that it has given donations to political parties in Goa as per legal provisions and no motives should be attributed to it.

Reacting to an exclusive report telecast by CNN IBN which talked about the mining company giving donations to political parties, the company said in a statement that, “Like many other corporate houses in India, Sesa Goa has indeed made donations to political parties but strictly in accordance with due process prescribed under law including the Companies Act and the Income Tax Act,”.

[caption id=“attachment_108288” align=“alignleft” width=“380” caption=“Raman Kirpal/Firstpost”]  [/caption]

“It is a common practice among political parties to approach business houses for donations at different point of time. Sesa was no exception to this practice,” the statement said.

More from Economy

Narendra Modi gets a stellar economic advisory panel but will he listen to it in an election year? Demonetisation: RBI will take time to count scrapped currency note deposits, says Arun Jaitley

“Sesa has made donations to different political parties based on the requests received, after obtaining requisite approvals from its Board of Directors,” it said.

The reports about mining companies making donations to political parties have come at a time when there are investigations going on in the state against illegal mining and Justice MB Shah Commission has been appointed to conduct enquiry in the matter.

PTI