It looks like the financial misdeeds of Shivinder and Malvinder Singh, nephews of the Radha Soami Satsang Beas guru, Gurinder Singh Dhillon, are catching up to them.
This morning someone emailed me a link to this India Business Today story, "Delhi High Court summons Singh brothers for first time in Daiichi case."
Here's some excerpts:
According to The Business Standard, the high court asked the Singh brothers to personally appear in the court on August 10 to explain the reasons for discrepancies in their statements over their holdings in FHL. The court wants to understand that whether the Singh brothers and entities related to them have sufficient funds to honour the arbitration order.
In the course of the arguments, Justice Rajiv Shakdher observed that "things are getting out of hand" and sent out a strong message to the siblings asking them to cough up the arbitration award money "by any means" or go behind the bars. "Wherever you have to get it (money) from, you get it. You can't take the court for a ride," the judge said.
...Sources close to the Singh brothers told the daily that the duo is trying to monetise real estate assets of family members to raise funds. "The brothers cannot sell their assets as there is a 'status quo' order on them. Therefore, they are trying to strike deals on properties that belong to the Dhillon family, who are related to the Singh brothers through their maternal side," said a source.
Private equity giants are reportedly interested in buying some of the office real estate portfolio that belong to the Dhillons -- Gurinder Singh Dhillon, maternal uncle to the brothers, currently heads the Radha Soami Satsang Trust - and the deal size can run to Rs 100 crore.
What a mess. I don't claim to fully understand the tangled web of financial problems here, but it's clear that they involve Gurinder Singh Dhillon, the RSSB guru.