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Tuesday, June 28, 2011

SAIBABA's ASSETS: Sathya Sai Trust issued notice, cops grill another member!

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The Andhra Pradesh government on Monday served a notice on the Sathya Sai Central Trust, seeking a detailed report on its activities, revenues and assets while police in Puttaparthi town grilled another trust member, V. Srinivasan, for six hours over unaccounted cash seized recently.
As per a decision taken by the government on June 22, the endowment department served the notice asking the trust to submit a detailed report within 10 days.
The trust, which manages the vast empire of the late Sathya Sai Baba, has been asked to provide details of its members, their businesses, trust activities, its functioning, assets and revenues, official sources said.
This is the first time in nearly four decades that the state government has intervened in the affairs of the trust, and it comes amid allegations of financial irregularities against some trust members.
The development came two months after the demise of the spiritual guru at the age of 85.
The trust, which was enjoying several exemptions under the Endowment Act since it was formed by Sathya Sai Baba in 1970s, has been facing a series of allegations since his death.
All trust members are now singing a uniformly that the seized cash belongs to the devotees who were funding the construction of the Saibaba Samadhi (Mausoleum) and the same was being sent to the Bangalore based contractor.
The question still remains why a trust run by such eminent personoliteis as former chief vigilance commissioner S. V. Giri, chartered accountant, Indulalh Shah, former bureaucrat K. Chakravarthi, chief justice of India P.N. Bhagwati, etc. has accepted such a heavy amount in cash and also smuggling it, much against the relevant rules of carrying out all cash transactions about Rs. 10,000/- through banks only!
And why such eminent personalities are trying to cover-up the nefarious activities of some unscrupulous trustees?

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