Home Crime Land scam in Church of South India Trust runs into hundreds of crores: Report

Land scam in Church of South India Trust runs into hundreds of crores: Report

The ministry of corporate affairs had ordered an investigation by SFIO into all the 23 dioceses of the CSI.

A massive land scam allegedly committed by Church of South India Trust Association (CSIT) has been unearthed by the Andhra Pradesh CID and Serious Fraud Investigation Office’s Hyderabad unit. The investigation has revealed that the arrested accused, Archbishop Govada Dyvasirvadam and his associates have sold away land and swindled several crore rupees, reported Times of India.

According to reports, Bishop Govada Dyvasirvadam was arrested in December for misappropriating church funds to the tune of hundreds of crores. During the investigation, the AP CID officials had found that there were irregularities in selling away of the CSITA’s land, misuse of deposits and foreign funds.

After finding serious allegations of fraud worth thousands of crores across several dioceses of the Church of South India Trust Association, the Ministry of Corporate Affairs (MCA) had ordered the investigation of all 23 dioceses in the country to the Serious Fraud Investigation Office’s (SFIO) Hyderabad. Initially, based on ROC report SFIO had begun the probe in 2016 and revealed the scam of the sale of land and money diversion from the accounts is bigger than what has been suspected.

- Advertisement - - article resumes -

M Bhaskar, DSP of Andhra Pradesh CID, who is the investigating officer in CSIT case had said that the case pertains to irregularities in the sale of five acres at Eluru, in which Archbishop Dyvasirvadam was involved.

“The official book value of the land is Rs 13 crore however they sold it for Rs 4.6 crore. The registration fee paid for Rs 13 crore. There is a loss Rs 8.4 crores. Moreover, the open market value would be three times more than the book value. The received Rs 4.6 crore and purchased three acres of land for 81 lakh, but on record, they showed a payment of Rs 3.5 crore,” Bhaskar said.

The senior CID officer said that they have filed a case under cheating and criminal breach of trust. Along with Archbishop Govada Dyvasirvadam, GS Sudhir (his nephew), Gall Pramila Kumari, Rev. Ratnaraj, Dasari Christopher, Solomon, Rev, Advocate G Emmanuel and a few others were also mentioned in the complaint.

According to the AP CID, there have been several other irregularities pertaining to CSIT land dealings. “Our case focus is on only Eluru. There are other allegations made during the course of the investigation that several such instances were done. For instance in Krishna district as per revenue records, certain land is in the name of CSIT but the registration is in the name of private persons,” said Bhaskar.

The investigating agency said the Church congregation has not maintained the annual income and expenditure records properly. The CSIT has reportedly shown gifts, foreign contribution and interest on deposits as income.

Help Us Reach Every Indian, Please Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Advertisement

Big Story

The Kolkata police finally swung into action and arrested seven men: Sheik Rahit, Fardin Khan, Sk. Sabir Ali, Sk. Gani, Sk. Imran Ali, Sk. Wasim and Atif Khan, for allegedly harassing the complainant.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Anjana Om Kashyap heckles doctors and nurses in Bihar hospital

What you did in that ICU is not journalism, Anjana Om Kashyap, it is insensitive, creating a nuisance and endangering lives

A video came to light earlier where Anjana Om Kashyap, a senior journalist from the India Today group was seen heckling and questioning a doctor inside the ICU over the outbreak of Encephalitis in Bihar

After threatening Jesus to choose between her and Rakhi Sawant, Tanushree Dutta questions Modi’s ‘Ram Rajya’

The Mumbai police have recently filed a B Summary report, giving a clean chit to Bollywood actor Nana Patekar, in connection with actor Tanushree Dutta sexual harassment case

Rapper Hard Kaur goes mental on social media: Blames RSS Chief for terror attacks, calls Yogi ‘OrangeRapeMan’

Taran Kaur Dhillon, more popularly known by her stage name Hard Kaur, appears to have fallen over the edge.
Gujarat: Past karma will haunt Congress in fascinating Rajya Sabha bypoll irony

Gujarat: Past karma will haunt Congress in fascinating Rajya Sabha bypoll irony

The bypolls for the 2 vacant Rajya Sabha seats from Gujarat are going to be held shortly. The Congress has moved the SC, but given the clear precedents, it is quite clear that they have no chance of winning in court.
Read OpIndia.com's response to the defamation notice served by Swati Chaturvedi

That you have lost readership and your peers doubt you, is not our problem: Read our response to Swati Chaturvedi’s defamation notice

Recently, OpIndia.com got a legal notice from abusive media troll Swati Chaturvedi. At the onset, we would like to reiterate that such intimidatory tactics won't work with OpIndia.

As Swati Chaturvedi mourns the loss of her imaginary credibility, her past faff pieces come to haunt her

Even though she wants to put the blame on us, we can't possibly be held responsible if Swati Chaturvedi's peers doubt her 'credibility'.

On press freedom day, meet the ‘fearless’ journalist who interviewed Rahul Gandhi and said ‘Rafale has entered people’s blood’

Now, as if the India Today interview fiasco wasn't bad enough, another pliant journalist has got the "once in a lifetime" opportunity to interview Rahul Gandhi.

Man masturbates on woman and abuses before running away: See Kejriwal? Free rides won’t guarantee safety

The daily harassment women face while commuting in the Delhi metro just shows how 'free metro ride' does not ensure safety.
Image Source: Zee News

Even as Indian liberals and peaceniks hail ‘peaceful’ Pakistanis, abuse pours in against Sania Mirza post world cup defeat

After motormouths like Veena Malik dragged Sania Mirza into an unwarranted controversy, it was time for other eminent intellectuals of Pakistan to share their blame on Sania Mirza.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

170,810FansLike
149,625FollowersFollow
69,817SubscribersSubscribe
Help Us Reach Every Indian, Please Share This Post