Indian rice tycoon Karan Chanana, who gave the Conservatives more than £220,000, is under scrutiny by India’s finance ministry
A leading Tory donor who has given more than £220,000 to the party is being investigated over allegations of fraud and money laundering., head of the global rice brand Amira, is being investigated in India over claims that tens of millions of pounds of bank loans were unlawfully diverted into shell entities. Chanana has not responded to the claims.
“It was also known that Karan A Chanana had donated to a political party of [the] United Kingdom since 2019 … while the accused entity had itself defaulted on repayment loans.”His company Amira Nature Foods was listed on the New York stock exchange in October 2012, specialising in Indian basmati rice grown in the foothills of the Himalayas.
Amira G Foods, controlled by Chanana, donated £222,104 to the Conservative party between September 2019 and December 2021.The latest accounts for the UK company show net liabilities of £5.96m, with its parent company in the British Virgin Islands providing financial support.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miriam Cates: the new Tory ‘darling’ and rising star of the rightOnly an MP since the last election, she has already been labelled a culture warrior but has amassed a tight-knit group of supporters
Read more »
San Diego FC: Tory treasurers, tribal leaders and a $500m California dreamWill MLS really stop at 30 clubs if Mohamed Mansour, the British-Egyptian billionaire and Conservative party treasurer, is willing to pay a $500m expansion fee for a club in San Diego?
Read more »
Final hole disaster ruins Scott's chance to lead majorWhile the world went mad for Adam Scott's outfit, the former world number one dropped a serious opportunity to make his mark. 😬 👇 9WWOS Golf
Read more »
'Had to crawl': Image of muddy star at major explainedTalk about stuck in the mud. 😬 This was commitment. 😲 👇 9WWOS PGAChampionship
Read more »
All Blacks given major headache over star's bloodied footUh oh. 🤕 With just three weeks until the Super Rugby Pacific finals, the Blues have been hit with an injury scare. 9WWOS SuperRugbyPacific
Read more »