There is no trace of the company from which I-PAC borrowed crores of rupees. Know the funding game of election strategists.

News India Live, Digital Desk: ‘I-PAC’ (Indian Political Action Committee), an organization with a big name in the world of election strategies, is under the scanner of some serious questions these days. The matter is related to money transactions and major financial irregularities. Recently such information has come to light which has created a stir in political circles and social media.

What is the matter after all?
Actually, a shocking truth has come to light during the investigation. A loan of about Rs 13.5 crore has been shown in the accounts of I-PAC. According to the rules, every big transaction should be accounted for, but when this loan was investigated in depth, it was found that the company which had given this huge amount, actually does not exist. That is, the company in whose name a transaction worth Rs 13.5 crore was made was not found anywhere on the ground.

Why the suspicion of fraud?
The company mentioned in the documents as the lender was found missing as per its address and registration. Now the question arises that if the company does not exist, then where did the funds worth crores come from? Was this money ‘circulated’ into the system for some specific purpose? The matter becomes more serious when we see that I-PAC has managed elections for many big parties in the country.

Loan worth crores from a company without address?
Generally, if you take even a small bank loan, the bank goes after you. In such a situation, a professional organization receiving such a huge amount from a place which is not even present on the map, raises many doubts. Experts say that this could be a case of “shell company” or money laundering, which is yet to be investigated in detail.

At present, after this revelation, fingers have started being raised on the sources of funding of I-PAC. In the coming days, it will be interesting to see what clarification is given by Prashant Kishore’s old team or organization on this matter. On one hand, Prashant Kishor is talking about changing the system in Bihar through ‘Jan Suraj’ campaign, on the other hand, such news related to his old organization can increase controversy.