It's been quite a while since there's been any news about the financial scandal involving brothers Malvinder and Shivinder Singh, their relative, Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas (RSSB), and others connected with RSSB such as Sunil Godhwani.
Here's screenshots of a story in The Times of India that was published yesterday. I'll comment on the story below.
It's difficult to understand why, exactly, the Singh brothers were jailed. In 2019 I wrote about how the Supreme Court had issued a contempt decree against them, but didn't enforce it. Here's part of what I said in that blog post.
Not being familiar with Indian legal language, which differs some from what's used here in the United States, I'm assuming that "reserved its order' means that for now Malvinder and Shivinder Singh aren't being served with a contempt of court order, even though they haven't paid the Rs 3,500 crore [$507 million] arbitration award to Daiichi Sankyo.
So it appears they're being given more time to come up with the money, though the story goes on to say that the Supreme Court justices weren't happy with the progress made by the Singh brothers on this front.
The "baba" who duped the Singh brothers, according to Malvinder Singh's attorney, is Gurinder Sigh Dhillon -- who allegedly siphoned off Rs 6,300 crore from companies once controlled by the brothers. That's $913 million.
It looks to me, from the last paragraph in the excerpt above, that Malvinder wanted the court to order the sale of properties owned by the Dhillon family (and maybe others also) that were bought via the siphoned/fraudulently-obtained Rs 6,300 crore worth of money.
But the court said, "No, you sell the properties on your own."
Much, if not most, of the above-mentioned money went into real estate investments made by the Dhillon family. Another Business Today story, "How Singh brothers got into trouble -- bit by bit," includes mentions of the RSSB guru and his role in the downfall of the Singh brothers business empire. Here's excerpts from the timeline.
It still appears that Gurinder Singh Dhillon, the RSSB guru, is responsible for financial fraud. At the moment Dhillon is akin to Donald Trump: people close to him have been indicted and jailed, while so far the guru hasn't been held to account.
But this situation could change, though I've heard that the legal system in India doesn't always hand out justice fairly or in a timely manner. (Same is true in the United States, but India reportedly is more prone to legal favoritism.)
In June 2019 the RSSB guru was among those ordered by the High Court of Delhi to repay money owed to the Singh brothers that could then be used by Malvinder and Shivinder to pay the award to Daiichi.
The guru and his family owed a lot, $842 million -- which is an outlandish amount of money for a guru who is considered to be God in Human Form and preaches about the need to make god-realization the top priority in life.
For other people, I guess. Gurinder Singh Dhillon seems to view making money through means fair or foul as his top priority.