Wow, it really pays to be an Indian guru with the right connections. Check out this story, "SEBI nod for Radha Soami Satsang Beas." (SEBI is the Securities and Exchange Board of India.)
The capital market regulator has granted exemption to Logos Holding Company from making an open offer to the shareholders of Religare Enterprises for its acquisition of 19.53% stake in the company. Logos Holding is an investment arm of the Gurinder Singh Dhillon family.
Gurinder Singh is the current head of one of India's largest religious sect – Radha Soami Satsang Beas. At Thursday's closing price of Rs 460.95, the value of Logos Holding's stake is about Rs 1,163 crore. The Dhillons had acquired the shares at just over Rs 13 crore in 2006.
After someone emailed me a link to this story, naturally I had to grab my calculator, find a rupee to dollar currency converter web site, and figure out how much Rs 1,163 crore and Rs 13 crore are in understandable American dollars. (A crore rupee is 10 million rupees.)
Others can check my work, but I'm pretty sure the Gurinder Singh Dhillon family is the proud possessor of Religare Enterprises shares worth $257,187,507. Let's round it off and say... a quarter of a billion dollars.
That's a lot of money.
Especially compared to what the story says the guru's family paid for the shares: $2,874,839 (Rs 13 crore). Last April I wrote about this in "Religare's money connections with the Radha Soami guru."
Malvinder Singh, an initiate of RSSB, is deeply involved in the Radha Soami Satsang Beas organization, as is the rest of his family.
This helps explain why the RSSB guru's sons, Gurpreet and Gurkirat, each ended up with about 10% of the shares in Religare according to a 2007 prospectus. On page 25 it says that Malvinder Singh and Shivinder Singh were allotted 49,575,000 equity shares in Religare at 10 rupees (about 23 cents) a share.
Malvinder then transferred 6,250,000 shares to Gurpreet Singh, and Shivinder transferred 6,250,000 shares to Gurkirat Singh under guardianship of Ms. Shabnam Dhillon -- almost certainly because Gurkirat is only twenty years old.
The cost also was 10 rupees a share. So the guru's sons each got 6,250,000 shares of Religare for $1,437,500 or thereabouts through an insider deal.
Multiply $1,437,500 by two and we get $2,875,000. Which is almost exactly what the indianexpress.com story says the guru's family acquired the shares for in 2006.
So this shows that an insider deal (which is legal, and not to be confused with stock trading that involves the illegal use of insider information) resulted in a quick profit for the Gurinder Singh Dhillon family of about $254 million over four years or so.
These financial deals can be viewed in different ways.
Some people see nothing wrong with a guru who is considered to be "God in human form" raking in massive amounts of money from his involvement with Religare, a large Indian financial services group managed in large part by RSSB disciples.
Others resonate with the message of my post, "RSSB's ties to Religare mix money and spirituality."
What I've learned about the dealings between Radha Soami Satsang Beas and Religare doesn't feel right to me.
It definitely goes against the grain of what I used to enjoy about being a member of RSSB: the focus on meditation, mysticism, charitable giving, and service to a spiritual community where everybody did their share, and nobody (seemingly) tried to get more than their share.
That said, maybe I'm old-fashioned.
Maybe I don't understand how modern-day gurus and their relatives can engage in insider trading deals with disciples while still remaining true to their philosophical principles. Maybe I'm missing the benefit to RSSB of having an inner circle derive large financial benefits that aren't available to other initiates.
All I know is that philosophically and ethically, there are reasons for concern here.
Unkown you are not meditating enough that is why your anger still rages around
Posted by: buol | April 06, 2015 at 03:30 PM
Please ask same question to baba ji direct on his face in rssb punjab
Posted by: [email protected] | May 16, 2015 at 10:45 PM
*
I think the slanderers are not here anymore
Concerning moneys :
Look to these beautiful new BIG Satsang Ghars all around the world
I don't think Grinder uses one penny for Himself
and preparing for many souls to come
when the climate starts hurting
Also
Instead of giving Darshan all over the world, . . He could * if He so wanted*,
make fun like the rich of this planet are doing, . . but He takes care of His sheep all the time
For myself and my wife, we don't need such arguments because we both
see Gurinder IN & OUT with a giant Halo of lights around Him
what we were used to with beautiful Charan Ji MaharaJI
These Satgurus have all a specific vibration / emanation
andn when CharanJI was like a Super Charismatic King
Gurinder emanates just PURENESS and HONESTY like as if HE never did a sin :-)
777
Posted by: 777 | May 17, 2015 at 01:59 AM
@Juan,
Seeing your comment only after so long, thus replying late:
I totally agree to what you said that what Maharaj Charan Singh Ji used to say.
I was a very small kid when He passed away and I did remember visiting Beas on His departure, I love Him so very much.
I also like one of the statement of Maharaj Ji's, as repeated by 777 on various occasions:
"Santmat: Examples works but prescription"
If we would really want someone to know how great The Path is, there has to be a justifiable example being delivered with our love filled behaviour towards everyone and everything.
It can not be crafted, but has to come from within. Mostly comes with tears (of love).
Of course I really like when she does go to Satsang with me especially whenever it's Babaji's Satsang. But what I meant with "I am all happy with it" was that even if at anytime she decides not to go, I don't feel otherwise.
oh yes, I agree anyone can become a guru of a worldly activity by practice but this doesn't stand exactly true for the Spiritual Path.
I believe the True Masters are the beings belonging to the highest realms,
and in a lifetime if a disciple even be able to reach Astral, it'd just be marvellous.
@777
Thanks so much for sharing your such awesome inner experiences from time to time.
These all your comments are such invaluable precious assets for many struggling kids on The Path.
And thanks Brian for making it possible to have all this amazing content in the form of posts/comments from so many authors being always available to millions of readers.
Lots and lots of love to all of you.
may the Master showers HIS "Amazing Grace" on every single being!
Posted by: One Initiated | May 17, 2015 at 10:52 AM
to @unknown: It is not a matter that a Shish has a Guru and should not go to temple as stated by Mr unknown. Your knowledge is very little if sargun is ther than nirgun is there without sargun nirgun cannot be and without nirgun sargun can't be. Actually the knowledge of RSSB is limited upto a level (KAAL only).
Posted by: sanatan panthi | May 26, 2015 at 05:33 AM
Hey haters listen !
Are you giving poor free food ? Free medical checkups ? Are you giving poor free medical checkups ? He is holding big shares thats all you ? Right , he has donated all his wealth to the trust.If you can't believe in things stop criticising... He ask people not to eat non veg not to involve in wrong deeds and non alcoholism , is that wrong ? Haters ! Get well soon....you people cant even serve a single perrson he serves thousand !
Posted by: Abhi | June 02, 2015 at 09:31 AM
Check the link for top 10 richest Indian http://www.constructionweekonline.com/article-9224-top-10-richest-indians-in-the-gcc/10/
Posted by: Shreya | June 03, 2015 at 02:55 AM
It is called safed jhooth. It is being done at the end of own people not for other. Go Amarnath Yatra and see what is medical camp, what is free langers and seva.
Posted by: sanatan panthi | June 03, 2015 at 05:25 AM
It's totally money laundering place .I know the
Person who is dealing with purchase
Of land for Dera ,he is now millionaire ,travelling
In Mercedes ,personally he was belonging to
Middle class family now enjoying the luxurious
Status ,building nd selling flats nearby Dera in Rayya
.He is purchasing lands for Dera nd no doubt
Making money for him Olso. Nobody dare to
Rise ques against his people because
They ol r BULLSHIT PEOPLE
Posted by: Nvneet | July 06, 2015 at 01:54 AM
Yes we r the Haters !! But we r criticising
The working management f Dera ,have u
Ever been to someone's home in Dera
Those people r not even allowing
Common sangat to sit in their cars upto parking
For sat sang . Wt they r learning and putting
Impression on us.
I hv Olso taken naamdaan nd saw soo many satsngis
Ruining the name f Baba G.
WHAT ABOUT THOSE PEOPLE .they r not the
Real haters than these criticisers ??
Posted by: Nvneet | July 06, 2015 at 02:00 AM
First of all if you are that open, please stop "moderating" people's comments, what are you afraid of? Anyways, I am sure you have your story to what you do and why. I find this old article fascinating and written with less than critical facts. Here are some facts for you:
1) Malvinder was son of Parvinder singh, who was CEO of Ranbaxy and a son of the founder of Bhai Mohan Sing, a money lender who cam from Pakistan to India. He made a fortune and passed on the wealth down his family line that made Malvinder rich, and it wasn't his connection to Radha soami guru, there was no cheque written o Malvir by the Radha soami guru.
2) About Guru's son, please check the resume and experience and current position of Gurpreet Dhillon, he is the son of beas guru. He has secured a place and position for himself as a CEO of the Religare company. How many CEO's do you know who make good salary and have investments in place.
Yes, Gurpreet and Malvir are second cousins, do you know any one else who are cousins and have some common business interests?
Do you have any trail showing donation money from Radha Soami organization made it's way to Malvir or Gurpreet? If not, rest is all commentary and guru hasn't used a single dollar from his disciples donations for any personal gain for himself or his family.
Next time, plea post the context, details and facts together, rather than twisting facts from your own lens only!!
Posted by: G Gill | August 10, 2015 at 04:57 PM
Radha soami guru is paying for 3 hospitals and for centres all over the world.maybe small charities that you hold God did not want to go worldwide if the Lord wanted you to be feeding millions,treating millions in hospitals like Radha soami. Radha soami been Growing for last 150 years. The Lord must be happy because atleast the master is helping people with the correct teachings of life as well as helping the poor in India. Are you jealous because unlike otha religions in India Radha soami has progressed. Every religion needs money and looks like millions of people are benefiting from money for once. We don't have gold domes like Catholic and Sikh temples so looks like the Lord is happy for Radha soami to grow. Without money these days u can't live and Radha soami makes millions live in the will of the Lord thru this money. Who said the king of kings have to live always come and live like begger. It's the lords world we have laws the Babarian days are over so let the gurus live in comfort for once like a lot of the world! The master is helping millions it's unfortunate your charity temple was stolen but the Lord ordained u too lose and not Radha soami because maybe u r insignificant to the world and he is a world changer. Maybe u wud like to pay for all the centres,hospitals and food even non Radha soamis are eating. We feed anyone this is why Radha soami Excells! It's the will of the Lord. Life is fair like u wrote so the masters doing something right in the law of cause and effect.
Posted by: Raj | May 01, 2016 at 10:46 AM
Raj, wow. This is like watching those two pastors justifying their private jet. Are RSSB here to help poor people or to take us back? If I recall correctly, even in their satsangs they say that saints aren't here to make the world a better place. RSSB don't even need centers, what's the point of expanding when the guru can't even take care of the ones that have been initiated? They are building an empire. New centers are popping up everywhere. Its so goddamned obvious that this is all business related. Can even tell me why out of 7 billion people, god always comes through the same family?
Posted by: Neon | May 01, 2016 at 12:15 PM
Raj, progressed. Ok. but u know how progressed By destroying the great traditions of Sanatan Panth which is not known the persons like you and the others. What is your charity. A business man cannot be a saint. You don't know even A B C of Sanatan Panth. As stated above by a Sanatan Panthi, your knowledge is upto Kaal Niranjan only and not upto SATPURUSH. For G.Gill, Please note what Kabir says "'ÁMAL AHARI ATMA KABHUN NA PAYE PAR''. Nothing more than it can be stated for you all.
Posted by: pawan | May 05, 2016 at 02:49 AM
Rssb books even many pages cost still . . 4 $
Is that business ?
777
-
Posted by: 777 | May 05, 2016 at 05:56 PM
Yes 777, even at $1 it's still business. And Brian, have you heard the new news about the Ranbaxy issue? Seems god's not too far-looking when he makes decisions!
Posted by: Neon | May 05, 2016 at 09:50 PM
Win-win spiritual business, . . Yes
Neon
Don't blame Him for the actual heatwave in India !
Or other other's karma
Following orders, He is just doing everything to spread this 'Word' for the willing;
and His Master is in command and gives fore-knowledge only in the interest of Love
777
Posted by: 777 | May 06, 2016 at 10:54 AM
hello to everybody here i m trying to get on the path and radashoami seem to be the best instead as i understand this is not a religion i say it again its not a religion im 57 and looked all spiritual things magic also but if this is as promised is the real deal there are two things i want to say rssb is obviously paying and looking after followers, if gurinder has money is his bussines i mean he has no money that he hasnt earned so.......shabd is the best i tell u that
Posted by: mosa | February 14, 2017 at 11:46 AM
You fail to realize how the church is funded and how it uses the funds, i dont want to blame anyone but truth is it hurts you to think if people start following another way to find god other than church. You are not only ignorant but in a sad state of flux. one who knows does not need beliefs, but i'll leave you to your sad state because you can hardly understand the path of the masters.
Posted by: akhar | March 02, 2017 at 06:17 AM
Brian,
You are right in so many ways and knowing so, you are playing into God's hands.
You chase away all those not ready to do the work INSIDE ones self to return to Our Source.
The perfect living Masters all have their ways to filter out those not ready from those most willing to do what it takes to do the spiritual practice. It's all good.
Fear plays a big part in Love...fear of displeasing Whom we love that we should remain separate from the Lover/Beloved.
Gurinder Singh Dhillion is a businessman by his honest means before becoming the Guru of Beas via the Will left to Him. As was the previous Masters skilled in their professions, I don't question this skill. We all possess God giving gifts to impart to the world for the sake of fulfilling our destiny laid out before birth. Like yourself, you have gifts of trying to expose the secret life of One more powerful than yourself only because you haven't reached that level.
Like, Judus in Christ's life, you expose your own fear and weakness, but you are still loved irregardless. For who doesn't possess those traits except perfect spiritual Masters? If the Guru has become independently wealthy, I am grateful for there is a strong need for wealth to be in the hands of generous individuals.
Thankyou for your contribution.
Posted by: Kathleen | March 09, 2017 at 06:22 AM
Guru ji is the king of whole world. He can do anything. You are talking about money he can create or destruct worlds. You are just a soul who has lost his path and i just suggest you to reflect why you are born, what are you doing and when you die no anyone can help you. So it is your choice to choose if you want god or not.
Posted by: Riti | March 25, 2017 at 06:16 AM
Riti i think you need to meditate cause you dont.
Posted by: Lombardidipumperdonlnikl | March 27, 2017 at 11:27 AM
A sadguru cannot be a destruct-or. Provided that he has the power of Sadguru and full knowledge up to Satya Purush, Satlok or above and not only upto Kaal Niranjan.
Posted by: Sanatan Panthi | May 05, 2017 at 12:50 AM
Hey Brian,
Just wondering why u started this blog?
Posted by: Amit | May 23, 2017 at 10:56 AM
Dear bloggers it is nice thatu r concerned. It is our sheer compulsion that we have to follow a guru as advised in whole religious text of India. Our main guidance comes from Guru Granth Sahib. At no point any of the limits and conditions of any Indian spiritual Text is violated by RSSB Gurus. Those who do not work hard or are not good students become drop outs and blame it on teachers. In past other gurus also had huge wealth. Would you like hard up Guru. Spiritual text says guru is the human reincarnation of God so wish the God to be extremely poor and you want to be supper rich. God bless you.
Posted by: Bhuria | September 04, 2017 at 11:09 AM
Our main guidance comes from Guru Granth Sahib. At no point any of the limits and conditions of any Indian spiritual Text is violated by RSSB Gurus.
strange bhuria jj. What is being stated their (BEAS) " VED AND SHASHTRA ARE FALSE". Ramayan and Geeta ji is false. Murti pooja is false. (Although God is every where but not in Murti as taught there).
Ram and Karishna were false although they sing the bhajans of Meera ji in a taught sweet manner to attract innocent people. All is false but what is stated by Huzur Seth Shiv Dyal ji is correct who as per RSSB book version had always using Tobacco throughout his life which is an amal and what is stated above
"'ÁMAL AHARI ATMA KABHUN NA PAYE PAR''
Posted by: pawan | September 13, 2017 at 04:36 AM
www.radhasoamimatrimony.com Only For Radha Soami Bride & Groom Please Note:This community has no connection with RSSB.The only purpose of this community is to create a place wherein Radha Soami family's can find suitable match for there children's. We are not supposed to use it for any other reason.Not even to discuss satsang or teachings of RSSB Powered by : The Navbharat Group
Posted by: Vikram | November 10, 2017 at 01:06 AM
Hey dear....whomsoever written this article....
For once i agree with you that rssb is fraud and nothing else. .
Then please you tell m the right way to love god and feel god and the way how i can see the god.....
Reply must
[email protected]
Posted by: Ankur | March 14, 2018 at 05:32 AM
Dear Ankur search a SATGURU having full knowledge of this universe. How to get moksh from this universe and then how to go to upper loks SAT LOK OR ABOVE. Such Satguru are available in Sanatan Dharm with whom these RSSB hate.
Posted by: PAWAN | March 16, 2018 at 10:29 PM
What does your churches make ?? ahhh... it pays to be a pope
Posted by: aruka | April 13, 2018 at 01:51 PM
Sir, the churches are better than you who respect their religion. Think where you stand Mr aruka please.
Posted by: Baldev Singh | May 03, 2018 at 04:33 AM
As an author of this blog, you talk like a complete IDIOT.
Why are you linking the businesses of the family with the spirituality of the Guru..??
The Rssb board is a completely autonomous and independent organization. And the family's personal business deals have nothing to do with it.
Please mind your language and facts before posting shit about a noble sect.
Posted by: Ravi Pratap Singh | September 08, 2018 at 06:52 PM
Ravi, you're entitled to your opinion. But it is an indisputable fact that RSSB is very much linked to the Dhillon family finances. This August 2018 CNBC TV 18 story is one of several that discuss the ties between RSSB initiates and the business dealings of Gurinder Singh Dhillon and his family.
https://www.cnbctv18.com/views/the-devotion-of-the-singh-brothers-of-fortis-runs-deep-into-their-businesses-63575.htm
Excerpt:
"The Radha Soami Satsang Beas or RSSB spiritual organization really came to light in the last week of September 2015, when promoter and executive vice chairman of Fortis, Shivinder Singh decided to step down to serve the RSSB full time. He took up the position of non-Executive Vice Chariman at Fortis. His rationale was to give back to society.
Many of us furiously googled RSSB then. We wondered why the suave 40 year old billionaire entrepreneur was joining a religious sect full time only to realise the relationship it has with the Singh brothers and group companies ran longer and deeper.
An interesting example of this was in Feb 2014, when Religare Health Trust or RHT announced the purchase of the Mohali hospital property from RSSB. The transaction was for Rs 270 crore or $43.2 million, which the RSSB sect would receive for it.
Interestingly, the current CEO, executive director and board member of RHT Holdings is Gurpreet Singh Dhillon. As per the RHT website, he also serves as a Director on the board of two wholly owned subsidiaries of RHT. He was appointed CEO of RHT holdings at the age of 29, in 2013.
So, it seems as though Gurpreet Singh was CEO when the Mohali hospital was bought from RSSB in 2014. While his capabilities include experience in asset management, investments and advisory in real estate, his direct connection with RSSB cannot be ignored."
Posted by: Brian Hines | September 08, 2018 at 07:38 PM
People seem upset that guruji has some money. I don't think guruji ever agreed to the life of an aesthetic, moreover, there seems to be lacking evidence that he is in possession of great wealth anyway.
But let's say guruji has great wealth. OK, that is not an issue...
Rather, Attachment to wealth is the issue. And if you hate someone for their great wealth - that is an issue.
if you love someone for their great wealth - THAT too is an issue.
If you think day and night how to get great wealth -- That is a big, big issue.
You get the idea, yes? I could go on with this list, but no need.
Poor does not mean you are spiritually qualified.
Rich does not make you spiritually dis-qualified.
I hope all this is reaching someone.
You are loved,
_g
Posted by: gspears | May 01, 2022 at 10:23 PM
I don’t judge people based on how much or how little money they have. And, at 50, there’s not much in this world I desire. Maybe another trip to Disney World, but that’s about it. 🙃
Posted by: Sonya | May 02, 2022 at 07:15 PM