Research
Agency action, donations, and deals — lined up with sources you can open. Scroll the story. Tap the graph.
Documented sequences from named reports and filings. Temporal proximity is not proof of quid pro quo.
Showing 70 of 70
Lottery operator Future Gaming faced ED money-laundering probes and asset attachments while remaining India’s largest electoral-bond purchaser. Timeline drawn from investigative reporting and ECI bond disclosures.
4 events · 7 sources
Hyderabad infra major MEIL was raided by Income Tax in 2019 and later appears among the largest electoral-bond purchasers — a sequence covered by multiple newsrooms after the Supreme Court forced disclosure.
2 events · 5 sources
After a large Income Tax search in 2021, Hetero group entities appear buying electoral bonds across 2022–2023 — timeline reconstructed from investigative and news reports plus ECI data.
3 events · 8 sources
Hero’s first electoral-bond purchase in October 2022 followed an I-T search earlier that year; ED later seized assets in a related money-laundering probe — a multi-agency sequence with clear dates in public reporting.
3 events · 7 sources
JSPL faced ED searches over FEMA allegations in April 2022; bond purchases of ~₹123 crore appear in the subsequent Oct 2022–Nov 2023 window per ThePrint’s analysis of top buyers.
2 events · 6 sources
Navayuga Engineering faced an I-T raid, later bought electoral bonds, and sold Krishnapatnam Port to Adani Ports — a rare public sequence that combines agency action, political funding, and a major acquisition.
4 events · 10 sources
Curated from Scroll narrative: TSPL (Vedanta company) linked to ED raid; Vedanta bond purchases cited in the same narrative.
2 events · 4 sources
Curated from Scroll narrative: ED froze fixed deposits after a raid; Rashmi entities continued bond purchases before/after.
2 events · 4 sources
Curated from Scroll narrative: DLF faced CBI and ED actions; DLF bond purchases cited in the same narrative.
2 events · 4 sources
Curated from Scroll narrative: IT raids on an employee followed by bond purchases.
2 events · 4 sources
Curated from Scroll narrative: show-cause notice (pollution control) and subsequent electoral-bond purchases.
2 events · 4 sources
Curated from Scroll narrative: Grasim bond purchases are mentioned alongside an Income Tax demand related to a transaction.
2 events · 4 sources
Curated from Scroll narrative: Income Tax raids (Jan 2020) followed by UPL bond purchases (Oct 2019 and Nov 2022 windows).
2 events · 4 sources
Curated from Scroll narrative: ED arrested a director in Nov 2022; Aurobindo’s bond purchases are described between 2021 and 2023.
2 events · 4 sources
Curated from Scroll narrative: Trident bought bonds in July 2022; court action against ED is mentioned in Nov 2022 context.
2 events · 4 sources
Curated from Scroll narrative: GST search at Noorpur plant (June 25, 2020) followed by bond purchases from 2021 onward.
2 events · 4 sources
Curated from Scroll narrative: Ramky Group’s IT raids (July 2021) are mentioned alongside Chennai Green Woods bond purchases in 2022 and 2023.
2 events · 4 sources
Curated from Scroll narrative: Rungta Sons purchased bonds in 2021 and 2024; raids by IT Department are mentioned in Dec 2023.
2 events · 4 sources
Curated from Scroll narrative: IT raids on Dec 20 2023 followed by bond purchases on Jan 11 2024.
2 events · 4 sources
Curated from Scroll narrative: IT Department raided HES Infra in Feb 2021 and it bought bonds in 2022 and 2023.
2 events · 4 sources
Curated from Scroll narrative: Ahluwalia-group tax evasion actions (Dec 2020) appear in the same narrative as Shri Jagannath bonds bought in 2021–2022.
2 events · 4 sources
Curated from Scroll narrative: Income Tax raid (Aug 2023) followed by bond purchases in Oct 2023.
2 events · 4 sources
Curated from Scroll narrative: GST Intelligence scanner (May 2019) followed by bond purchases on May 8, 2019.
2 events · 4 sources
Curated from Scroll narrative: Western UP Power Transmissions is listed as a Megha group entity purchasing bonds after the group’s IT raid context (Oct 2019).
2 events · 4 sources
Curated from Scroll narrative: SEPC Power is listed as a Megha group entity purchasing bonds after the group’s IT raid context (Oct 2019).
2 events · 4 sources
Curated from Scroll narrative: Evey Trans Pvt Ltd is listed as a Megha group entity purchasing bonds after the group’s IT raid context (Oct 2019).
2 events · 4 sources
Curated from Scroll narrative: Hetero group IT raids (Oct 9, 2021) are tied to subsequent bond purchases by Hetero Biopharma.
2 events · 4 sources
Curated from Scroll narrative: Hetero group IT raids (Oct 2021) are tied to bond purchases by Hetero Drugs.
2 events · 4 sources
Curated from Scroll narrative: Hetero group IT raids context (Oct 2021) and bond purchases by Hetero Labs (Apr 2022).
2 events · 4 sources
Curated from Scroll narrative: ED action on the Rashmi Group (July 2022) is mentioned alongside bond purchases by Rashmi Cements.
2 events · 4 sources
Curated from Scroll narrative: ED action on Rashmi Group (July 2022) plus bond purchases by Rashmi Metaliks.
2 events · 4 sources
Curated from Scroll narrative: Sarath Reddy (also director at APL Healthcare) was arrested by ED in Nov 2022; APL Healthcare bond purchases follow in Nov 2023.
2 events · 4 sources
Curated from Scroll narrative: Avon Cycles purchased electoral bonds in Oct 2022; the narrative links a director background to Aurobindo Pharma.
2 events · 4 sources
Curated from ThePrint narrative: CBI booked Vedanta/Talwandi Sabo Power/Haldia Energy in March 2020; Haldia Energy’s first recorded bond purchase is May 7, 2019.
2 events · 4 sources
Curated from ThePrint narrative: Income Tax raids (Dec 2020) followed by Yashoda’s first recorded bond purchase (Oct 2021).
2 events · 4 sources
Curated from ThePrint narrative: CBI raided premises (Jan 2019) related to DLF; DLF’s first recorded electoral bond purchase was Oct 2019 (through its group companies).
2 events · 4 sources
Curated from ThePrint narrative: DLF’s first electoral bond purchases were reported from Oct 2019 onward through its three DLF companies.
2 events · 4 sources
Curated from ThePrint narrative: DLF’s group bond purchases started Oct 2019 through its three companies including DLF Garden City Indore.
2 events · 4 sources
Curated from ThePrint narrative: ED raids were reported for Talwandi Sabo Power locations (Aug 2022); Vedanta (group) is reported as the bond purchaser with first bond purchase in Apr 2019.
2 events · 4 sources
Curated from ThePrint narrative: Income Tax raided Ramky Group in July 2021; its subsidiary Chennai Green Woods bought electoral bonds.
2 events · 4 sources
Curated from Scroll narrative: Cairn India is mentioned inside the Vedanta narrative; Vedanta’s bond purchases are used as group-linked donation evidence.
2 events · 4 sources
Curated from Scroll narrative: TSPL was raided by ED in Aug 2022; Vedanta’s electoral bond purchases are used as group-linked evidence.
2 events · 4 sources
Curated from Scroll narrative: Veritaz Healthcare is described as acquired by Aurobindo Pharma in March 2022; Aurobindo’s bond purchases are used as linked donation evidence.
2 events · 4 sources
Curated from Scroll narrative: Honour Labs is mentioned as an investment after raids; Hetero group bond purchases are used as donation evidence.
2 events · 4 sources
Curated from Scroll narrative: allegations before raids mention Indosol Solar alongside Shirdi Sai; Shirdi Sai bond purchases are used as linked donation evidence.
2 events · 4 sources
Curated from Scroll narrative: IT and GST scrutiny of the Ahluwalia group includes KJS Cement Industries; Shri Jagannath Steels bond purchases are used as linked donation evidence.
2 events · 4 sources
Documented sequence: CBI FIR and ED money-laundering searches against GVK/MIAL in mid-2020, followed by Adani’s acquisition of a controlling stake in Mumbai International Airport and Navi Mumbai airport rights. Temporal proximity is not proof of quid pro quo; GVK publicly denied coercion.
2 events · 4 sources
CBI searches of NDTV promoters in June 2017 over a disputed ICICI/VCPL loan chain; years later Adani acquired VCPL and exercised warrants into RRPR, triggering control of NDTV (2022). Sequence is sourced; causation is contested.
2 events · 4 sources
CCI search operations hit Ambuja/ACC (Holcim India) in Dec 2020 over alleged cement cartelisation; in May 2022 Adani agreed to buy Holcim’s India cement stakes for about $10.5bn. Business Standard notes Holcim exit followed intense CCI scrutiny — proximity is not proof of quid pro quo.
2 events · 4 sources
Congress/news chronologies say Shree Cement was in talks for Sanghi, faced IT raids (June 2023), exited the race, and Adani-owned Ambuja then acquired Sanghi (Aug 2023). The raid was on a competing bidder—not Sanghi itself—so this is recorded with an explicit chronology note, not as a classic target-firm-after-raid acquisition.
2 events · 4 sources
Aurobindo acquired Veritaz’s domestic formulations business (Mar 2022 exchange filing). Separately, Scroll/news place ED action against Aurobindo director Sarath Reddy in Nov 2022 and Aurobindo bond purchases 2021–2023. Acquisition precedes the ED beat — included with an explicit chronology note.
3 events · 6 sources
Scroll places ED frezes/raids on Rashmi (2022) alongside bond purchases, and notes Dec 2023 coal-mine allotments by the Union Ministry of Coal. Allotment is not a corporate M&A acquisition of another firm — recorded as a sourced post-probe asset beat with a chronology-aligned note.
3 events · 6 sources
Newslaundry/Scroll: ED inquiry on Metro Dairy disinvestment from ~2019, ED raid on Keventer Kolkata office Feb 2021; four linked firms bought ~₹617 Cr electoral bonds (third-largest cluster after Future Gaming and Megha).
2 events · 4 sources
MKJ Enterprises is a top Keventer-linked bond buyer (~₹192 Cr) in the same ED Metro Dairy / Feb 2021 raid narrative.
2 events · 4 sources
Madanlal Ltd (~₹185.5 Cr bonds) is in the Keventer/ED Metro Dairy narrative; one FY donation nearly 100× PBT per Newslaundry.
2 events · 4 sources
Largest single Keventer-linked bond buyer (~₹195 Cr) in the ED Feb 2021 raid narrative (later renamed Magnificent Foodparks Project Limited).
2 events · 4 sources
Sasmal (~₹44 Cr) is the fourth Keventer-linked bond buyer; last tranche cited Jan 11, 2024.
2 events · 4 sources
Nature Table 5 / Quint: IT raid Nov 2022; ~₹60 Cr electoral bonds all after action.
2 events · 4 sources
Nature Table 5 / Quint: IT action Jan/Feb 2019; ~₹55 Cr bonds after.
2 events · 4 sources
Nature Table 5: IT raid July 2017; ~₹55 Cr electoral bonds all after (extends coverage into pre-bond-scheme agency action year).
2 events · 4 sources
Nature Table 5: CCI searches Dec 2020 on price-cartel allegations; ~₹54 Cr bonds after.
2 events · 4 sources
Nature Table 5: IT raid Oct 2018; ~₹45 Cr bonds after.
2 events · 4 sources
Nature Table 5: CCI searches Dec 2020; bonds before ₹15 Cr / after ₹20 Cr (total ₹35 Cr).
2 events · 4 sources
Nature Table 5: IT raids July 2022; ~₹16 Cr bonds after.
2 events · 4 sources
Nature Table 5 / Express: CBI booked firm April 2022 for hydel-project irregularities; ~₹6 Cr bonds after.
2 events · 4 sources
Nature Table 5: GST arrests of promoters July 2020 (~₹8 Cr alleged evasion); IT raid 2023; ~₹3 Cr bonds after first action.
2 events · 4 sources
Nature Table 5: ~₹24 Cr bonds before IT raids of May 11, 2023; ₹0 after. Included with chronology note — opposite of classic raid-then-donate pattern.
2 events · 4 sources
Indian Express: Kiran Mazumdar Shaw purchased ~₹6 Cr bonds; Biocon Biologics AVP arrested by CBI June 2022 in CDSCO bribery case. Sequence is agency shadow around bond purchases.
2 events · 4 sources
Adani completed Gangavaram acquisition in 2021 after Krishnapatnam. The Wire/Pulitzer document commercial talks and alleged state interest; sellers deny coercion. No clear ED/IT raid-on-seller before the deal — recorded with chronologyDiffers note for Adani Andhra port sprint context.
2 events · 4 sources
Keventer Agro bought WB government’s ~47% Metro Dairy stake in 2017; ED probe/raid followed from 2019–2021 over alleged undervaluation. Acquisition precedes agency action — chronology note.
2 events · 4 sources
