Thursday, February 25, 2021
Home News Reports Income tax raids premises of 'Kalki Bhagwan', founder of 'Oneness University', unaccounted cash worth...

Income tax raids premises of ‘Kalki Bhagwan’, founder of ‘Oneness University’, unaccounted cash worth Rs 93 crore recovered

The IT sleuths have found incriminating evidence about the receipts being maintained outside the accounts for paying for properties over and above documented values.

Kalki Bhagawan, who identifies himself as the tenth avatar of Vishnu, recently faced a series of raids by the Income Tax department. The IT department sleuths discovered that his ashram had hoarded as much as Rs 93 crore in cash, while an estimated Rs 409 crore of unaccounted wealth was retrieved from several of his other premises spanned across the South Indian states.

The total seizure of Rs 93 crores comprises about 88 kgs of undeclared gold jewellery and diamonds amounting to 1271 carats, worth Rs 5 crores. The US currency recovered alone is about $2.5 million (approximately Rs 18 crore). This is apart from other foreign currency seized.

About 40 locations linked to a conglomerate of trusts and companies founded by the spiritual guru that ran “wellness courses” were raided last week. The locations included premises in Chennai, Hyderabad, Bangalore and Varadaiahpalem in Andhra Pradesh. These sprawling premises were utilised by the spiritual guru for his “wellness courses” and training programmes in philosophy and spirituality under numerous entities founded by him.

Read: Asif Khan alias ‘Ashu Maharaj’ made a fortune cheating people and now faces charges of rape

A lot of residential customers from abroad opted for the courses propounded by the guru and earned considerable receipts in foreign exchange. The conglomerate, whose interests spans in a number of fields such as real estate, construction and sports in India and abroad is presently managed and controlled by the spiritual leader and his son.

Reportedly, the raids were carried out on a tip off that the group was suppressing receipts about its investments in abroad and in properties in Andhra Pradesh and Tamil Nadu, according to the department. During the probe, evidence was found that the group has been regularly suppressing its receipts at its various centres or ashrams.

The IT sleuths have found incriminating evidence about the receipts being maintained outside the accounts for paying for properties over and above documented values. It was also revealed that the group was plowing money into tax havens and the tax department is currently probing the “diversion of income taxable in India to offshore entities.”

Kalki Bhagwan, born Vijay Kumar, is the founder of ‘Oneness University’, a spiritual school in South India.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Adani Pavilion and Reliance Pavilion at Narendra Modi Stadium: All you want to know about naming stadiums and pavilions

The stadium was named after PM Modi as he was a former president of GCA, and Reliance & Adan won bids to sponsor two pavilions

Rahul Gandhi spreads fake news about train ticket fares being doubled: Here is the truth

Sources in Indian Railways said that do discourage crowding at passenger trains, their fares have been slightly increased

Now private sector banks can conduct government transactions, union government lifts embargo

Private sector banks will be able to conduct govt-related transactions such as taxes, pension, small savings schemes etc

Blocked by Trump, unblocked and followed by Biden and then unfollowed by Biden: Love-hate relationship of TV star Chrissy Teigen and POTUS

How Trump-hater Chrissy Teigen won a follow from POTUS Biden on inauguration night to eventual unfollow a month later on Twitter.

West Bengal: CID detains Bangladeshi national for the bomb attack on Minister Jakir Hossain

Jakir Hossain is being treated in a government hospital in Kolkata after receiving serious injuries in the attack.

Yogi Adityanath to meet Miss India runner-up Manya Singh and athlete Priyanka Goswami, two women who battled all odds

Manya Singh's father Omprakash Singh said that he and his daughter wanted to meet Chief Minister Yogi Adityanath

Recently Popular

US President Joe Biden casually drops the N-word during Munich Security Conference, accused of racism on social media

The N-word is considered as one of the hateful words that were first uttered in the 17th century. Its origin can be traced back to the Spanish word 'negro', which is often used by white supremacists to deliberately offend the African-American community.

Karnataka: Journalist gets death threats from actor Dhruv Sarja’s fans for exposing anti-Brahmin hate shown in ‘Pogaru’ movie

Journalist Chiru Bhat had exposed the anti-Brahmin hatred shown in Dhruv Sarja's new Kannada movie 'Pogaru'.

After 450 buildings, projects being named after Nehru-Gandhi dynasty, ‘liberals’ outrage about stadium named after PM Modi

Congress workers getting triggered over Narendra Modi stadium is amusing considering there are at least 450 projects, structures, roads, colleges, universities named after the Nehru-Gandhi dynasty.

‘Give my regards to your puppet master’, Elon Musk tells Jeff Bezos owned Washington Post when they asked him about his busy schedule

Washington Post had published a report claiming the busy schedule of Elon Musk is affecting his electric car company Tesla

Narendra Modi cricket stadium in Sardar Patel Sports Enclave at Motera: All you need to know about world’s largest cricket stadium

It is important to note that the name of Sardar Patel has not been removed. However, his name has been elevated to mark the entire sports enclave that includes various other sporting facilities.

Naushad’s video of spitting on Tandoori Roti might be just the tip of the iceberg, several similar videos emerge on social media

UP Police is investigation to see if Naushad was an alone in spitting on Rotis he was making or there is a nexus indulged in such activities
- Advertisement -

 

Connect with us

253,132FansLike
519,908FollowersFollow
23,700SubscribersSubscribe