Biocon’s Kiran Mazumdar-Shaw Clarifies Electoral Bond Purchase Controversy

Biocon’s Kiran Mazumdar-Shaw clarified no political donations from the company occurred, but she personally bought electoral bonds for campaign funding. She emphasized transparency, stating donations to Janata Dal (Secular) were nominal and made with legitimate funds. Mazumdar-Shaw rebuffed claims of monthly ₹5 crore contributions and denied seeking favors. SBI disclosed electoral bond details to the Election Commission, stirring political debate.