AAP chief Arvind Kejriwal has denied that the party committed any irregularity.
Two of the four companies that allegedly donated Rs. 50 lakh to Arvind Kejriwal's Aam Aadmi Party last year have no credible business activity, NDTV has found. (Read: AAP's Funding Controversy)
The addresses of the companies, Sunvision Agencies Private Limited and Skyline Metals and Alloy, are also fake. The 2009 balance sheets of a third donor, India Infolance, also show no clear business activity or source of income.
On Monday, a group of former members and supporters of AAP alleged that the party had received funds on April 5 last year from the four companies that, they said, are actually fronts for money laundering.
The allegations come just ahead of the Delhi assembly polls on Saturday, which is being seen as a battle between the BJP and Arvind Kejriwal's party.
AAP, which had earlier accused political opponents of corruption, said it had committed no irregularities. (Read:
Arvind Kejriwal on Hawala Row)
"We've taken all donations by cheque. If the companies raised that money through some sort of violations, then how are we responsible for that?" asked Mr Kejriwal on a townhall show organized by NDTV.
The last financial statements of Sunvision Agencies and Skyline Metals show no credible business activity. Despite this, each issued shares 100,000 shares for a staggering premium of Rs. 1.5 crore, which would place them in the league of blue chip companies.
Skyline Metals posted a loss of Rs. 21,000 and most of its capital comes from a loan of Rs. 88 lakh, by an unnamed financier.
The address of Skyline turned out to be the home of a lawyer, BK Bhardwaj, who practices in the district court, Delhi High Court and Supreme Court. "If I could donate Rs. 50 lakh, wouldn't I shift to South Delhi?" he asked.
He told NDTV he would file a complaint and suggested that Registrar of Companies come up with a method of verifying an address before accepting it.
A post office stood at the registered address of Sunvision Agencies. Vir Pal Choudhury, to whom the house belonged, told NDTV he had never heard of the company and he had lived in the house since he was born.