Here's a follow-up to yesterday's post, "RSSB insider Sunil Godhwani charged with criminal conspiracy."
In that post I noted that a document I got of the complaint filed by attorneys representing Religare, the company from which funds were fraudulently siphoned, was difficult to read due to the formatting.
But someone sent me the document in Word format, from which I was able to first produce paragraph breaks that made the document much easier to read, and then export the file in a PDF format. Here it is:
It's more than 20 pages long, yet well worth reading if someone wants to get a close look at how the financial fraud was committed, and what its consequences were to Religare, a public company.
One of the people specifically named in the complaint is Sunil Godhwani, who reportedly was installed as CEO of Religare at the behest of Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas.
Godhwani then used his position to illegally funnel money into shell companies, some of which have been reported to be controlled at the time by members of the Dhillon family, including the guru's wife and sons. That money then was used by the Dhillon family, at least in part, to make real estate investments -- according to stories in the Indian financial press.
What should worry the guru and his family are several references in the Religare complaint to additional people involved in the alleged criminal conspiracy. Following are some excerpts from the complaint. I've boldfaced parts for emphasis.
ll. The facts mentioned below disclose a well thought out and organized criminal conspiracy by which a financial scam of huge magnitude has been effected by the Accused Persons namely
(a) the 'promoters' of Religare Enterprises Limited (REL), including Mr. Malvinder Mohan Singh (MMS), resident of 'Vistas' - 26, Maulsari Avenue, Westend, Green Farm, Rajokri, New Delhi — 110038; and Mr. Shivinder Mohan Singh (SMS), resident of 1, Southend Lane, New Delhi, 110001;
(b) directors and other officers of entities owned / controlled / associated with the promoters; [p. 3]
It appears that SMS, MMS, SG, NKG and other unknown persons (being the directors and employees of the 7 entities at the relevant time) colluded to wrongfully gain at the expense of the Complainant Company. [p.17]
26. The aforesaid facts appear to disclose commission of the offences of cheating, breach of trust, criminal misappropriation, criminal conspiracy, money laundering and forgery by the persons mentioned in this complaint on account of which the Complainant Company has suffered unlawful losses and such persons and other unknown persons and associates of the accused persons have obtained unlawful gains.
In view of the same, I urge you to kindly register a First Information Report basis this complaint against the accused persons mentioned hereinabove for various criminal offences committed by them, investigate the same and bring to book the perpetrators of such a large scale financial fraud. It is in public interest to investigate the aforesaid facts such that interests of public shareholders are preserved.
Thus if this complaint by Religare is investigated by Indian authorities, and it sure seems like it will be, those "unknown persons and associates of the accused persons" appear to be subject to criminal charges.
I find it hard to believe that Gurinder Singh Dhillon's wife and sons were ringleaders of this massive financial scam. I also find it hard to believe that Godhwani and the Singh brothers funneled money into the above-mentioned shell companies without the knowledge of the RSSB guru.
Dhillon is noted for frequently saying "It's my way or the highway" in his spiritual talks.
And he was viewed by his inner circle as a trusted advisor, given his supposed status as God in Human Form, according to the RSSB teachings. Yet because his name apparently wasn't listed as a director of any of the shell companies, defenders of the guru like to claim that he was an innocent bystander in the financial fraud that benefited him, his family, and his close associates.
Again, hard to believe.
It could come down to this: if Dhillon's wife and sons end up being charged with criminal conspiracy, will they speak about the guru's level of involvement in the financial fraud? (Ditto for Sunil Godhwani.) And if this happens, will the guru himself take responsibility for the fraud, which might lead to lesser charges being made against his family members?
Another possibility: Likely people not associated with RSSB were either involved with the fraud, or had knowledge of what was going on. Seemingly they would be motivated to cooperate with investigations into who was responsible for the siphoning of money from Religare, and who ultimately benefitted from the illegal money transfer.
Reading the Religare complaint, it struck me as decidedly odd that the perpetrators of the financial fraud thought they could get away with it. After all, transfers of money usually can be tracked by skilled accountants/investigators, even if criminals attempt to hide those tracks.
It may be that because some of the accused were devotees of the RSSB guru, somehow they assumed that the guru's supposed spiritual protection would extend to their financial wrongdoing. Well, if they made that assumption, it isn't working out very well for them.