Another story in the Indian financial press points to the siphoning of funds from companies affiliated with the Singh brothers into the pockets of Gurinder Singh Dhillon and his family as being key to Malvinder and Shivinder's ability to comply with legal rulings.
This shows that defenders of the guru, some of whom leave comments on my blog posts wrongly claiming that this is just a "family affair" that doesn't harm anyone else, need to recognize how serious the financial wrongdoing involving the RSSB guru is.
Here's some excerpts from "Time may be running out for Singh brothers to pay up, even as the blame game continues." I've boldfaced the part relating to Gurinder Singh Dhillon and his right-hand-man, Sunil Godhwani.
Download Time may be running out for Singh brothers to pay up even as the blame game continues
The Singh brothers may need close to a billion dollars to pay Daiichi Sankyo’s arbitration award and comply with the Securities Exchange Board of India (SEBI’s) order to return funds diverted from Fortis Healthcare and Religare Enterprises, if they want to avoid a possible imprisonment.
The Supreme Court on March 14 asked Malvinder Mohan Singh and Shivinder Mohan Singh, referred to as Singh brothers, to consult their legal and financial legal advisers and revert to the Court by March 28 as to how they propose to secure the award, which has been passed against them.
...Not long ago, Singh brothers were on the Forbes richest Indian businessmen list, with a net worth of $1.4 billion in 2016. Now, they have lost most of that wealth. Their shareholding in Fortis Healthcare and Religare Enterprises has now fallen to around a percent,
Given the meltdown of their wealth, it looks a tall order for Singh brothers to arrange those funds.
But a person who knew brothers told Moneycontrol said a significant portion of their wealth is locked in real estate assets. “A large portion of the money the brothers received through sale of Ranbaxy was routed into buying real estate,” said a person who didn’t want to be named.
But there is a problem, says the above person, as “the investments into real estate was made through an intricate web of companies and it’s opaque.”
...Gurinder Singh Dhillon, the spiritual head of Radha Soami Satsang Beas (RSSB), his family members and companies controlled by them are said to be in control of some of these properties. Dhillon is a father like figure for the Singh brothers.
Malvinder Singh in his affidavit to the Supreme Court, alleged that Dhillon, his family members and companies controlled by him used funds from the Ranbaxy sale to buy real estate and loaned over Rs 6,000 crore [$870 million].
Singh brothers also blamed former Religare top executive Sunil Godhwani for the group’s troubles. In a joint statement, they earlier said that Godhwani was the architect of the financial structures, including the loans to the Dhillon family and companies, that led to their financial troubles.
I keep writing blog posts about this financial saga because it shows the danger of believing that a guru, or anyone for that matter, can be trusted completely as a "perfect being" -- which is what Gurinder Singh Dhillon is supposed to be, according to the teachings of Radha Soami Satsang Beas, or RSSB.
Malvinder Singh's criminal complaint against the RSSB guru and others associated with him describes a really disturbing pattern of behavior by Gurinder Singh Dhillon.
Malvinder and Shivinder are relatives of the guru.
After their father's death they viewed Dhillon as a trusted father figure. They also are initiates of the guru, so that was a factor in their trust. The RSSB guru is considered to be God in human form. After initiation, the guru supposedly takes charge of his initiates' karmas, or destiny.
The guru's commands are viewed as sacred by devotees, not to be questioned. I know this for a fact, because I was a member of RSSB for 35 years and did a lot of volunteer work ("seva"). No one ever wondered if what the guru wanted should be done. It just was done, without question.
So when Gurinder Singh Dhillon put his close associate, Sunil Godhwani, in charge of companies affiliated with the Singh brothers, it isn't at all surprising that Malvinder Singh and his brother trusted that Godhwani and the guru would make wise decisions.
However, this isn't what happened.
As noted in the above-mentioned story, Dhillon and Godhwani, among with others associated with RSSB, siphoned almost a billion dollars into shell companies that made risky real estate deals that now apparently have gone bad. Or at least, semi-bad.
It's an unholy mess. I'm confident the Singh brothers never thought that doing what the guru wanted would leave them in such financial and legal troubles. But this is what can happen when religious leaders are viewed as divine, even godly.
When skepticism departs, fraudulent behavior can walk right through a true-believing door.