₹162 crore remains a mystery: What is the ‘dark truth’ of Yashoda Super Specialty Hospital?

Yashoda Super Specialty Hospital, electoral bonds, Election Commission

New Delhi: In this scenario, the Yashoda Super Specialty Hospital has been identified as one of the major buyers of electoral bonds, purchasing bonds worth Rs 162 crore between October 2021 and October 2023. However, there is a mystery surrounding the identity of this specific buyer, as there are three hospital chains named Yashoda in Ghaziabad and Hyderabad.

Despite the revelation of their name in SBI data shared with the Election Commission, all three Yashoda hospital chains have denied any involvement in purchasing electoral bonds. This has created confusion and uncertainty about which specific Yashoda Super Specialty Hospital is the actual buyer of the bonds. The investigation into this discrepancy remains ongoing, as the identities of the bond buyers are a significant point of interest following the Supreme Court’s directive to disclose this information.

Yashoda’s story in Ghaziabad

The Yashoda hospitals in Ghaziabad, including Yashoda Super Specialty Hospital in Kaushambi, Yashoda Super Specialty Hospital and Cancer Institute in Sanjay Nagar, and Yashoda Hospital and Research Centre in Nehru Nagar, were originally under the same group managed by Dr. Dinesh Arora and PN Arora.

In 2017, a legal separation took place, with Kaushambi Hospital falling under PN Arora’s management, while Nehru Nagar and Sanjay Nagar hospitals came under Dinesh Arora’s control. Currently, Nehru Nagar and Sanjay Nagar hospitals are operated by Dinesh’s son, Rajat.

The PN Arora Group is in the process of constructing a new 1,200-bed advanced hospital named Yashoda Medicity in Ghaziabad. Last year, the group had announced an investment of Rs 500 crore during a presentation in front of UP Global Investors.

What did Dinesh Arora say?

In response to the speculation surrounding Yashoda Super Specialty Hospital, Kaushambi’s alleged involvement in political donations through electoral bonds, PN Arora’s hospital management clarified that their organization is not associated with such activities.

Dinesh Arora, on the other hand, denied any political donation through electoral bonds, stating that despite the name “Yashoda Super Specialty Hospital” being displayed on the signboards of their hospitals in Nehru Nagar and Sanjay Nagar, they have not made any political contributions through electoral bonds. He also mentioned his affiliation with the Sangh (RSS) but emphasized his lack of involvement in bond-related political donations.

Yashoda from Hyderabad also sidelined

The Hyderabad-based Yashoda Healthcare Services Pvt Ltd, owned by G Ravinder Rao and G Surendra Rao, distanced itself from the bond purchases, clarifying that they had individually purchased bonds worth Rs 3 crore, not the reported Rs 162 crore. The hospital asserted that their name was inaccurately associated with the larger bond purchase and highlighted the confusion caused by multiple hospitals sharing similar names across the country.

Yashoda Super Speciality Hospital: The corporate hospital chain was raided by Income Tax (IT) officials in December 2020. It donated Rs 162 crore in electoral bonds in October 2021.

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