It's difficult to follow the twists and turns in the Bollywood'ish drama involving Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas in India.
About a billion dollars is at stake here, much of it in the form of fraudulent loans that ended up in the pockets of Dhillon, his family, and close associates.
Add in criminal complaints, death threats, squabbles with his relatives Malvinder and Shivinder Singh, investigations by Indian financial authorities, and court rulings -- yes, it gets tough to keep track of what's going on.
Today Spence Tepper left a comment on a recent blog post that does a good job of providing an overview of the guru's legal and financial problems. I've added some links and made a few corrections that I think are accurate. Like, changing "High Court" to "Supreme Court" in the fourth paragraph.
Because defenders of the guru often fail to see the big picture, choosing to focus on a few facts that put Gurinder Singh Dhillon in a more-or-less positive light, I wanted to share Tepper's comment in a blog post.
What follows isn't the whole picture, for sure, but a good summary of some key "plot points" in this drama.
Hi Osho. You wrote, "I don’t think it’s a matter of 'guilty or not guilty' but more a matter of recovery of the money."
Logically that makes little sense nor does it reflect the High Court of Delhi order. The court determined responsibility, and therfore guilt, and on that basis moved guilt away from Malvinder and onto Gurinder and company.
The Singh brothers held the legal responsibility to pay the Daiichi FDA penalty against Ranbaxy. But the High Court transferred that to Gurinder and company in June.
Malvinder claimed that he and Shivinder had loaned money to Gurinder, his family and associates, amounting to more than enough to cover the penalty. At first the Supreme Court indicated that they didn't care about the Singh's other business dealings, and held them directly responsible for repayment.
But when Malvinder was unable to pay up he filed a criminal complaint with the EOW (Economic Offences Wing) of the Delhi Police pleading his case that Gurinder, his wife, sons and associates owed hundreds of millions of dollars in loans and interest and hadn't repaid for years. These were the monies he needed to pay the Daiichi penalty.
Malvinder went further to document his efforts, pleading repeatedly in writing with Gurinder to help, but with no response from Gurinder.
Even before Malvinder filed his complaint the SEBI and the Fortis board had conducted separate audits that showed fraudulent loans being siphoned through shell companies.
Business journals had conducted their own audits and found that Gurinder and his family were the recipients of nearly a billion dollars in loans through a variety of shell companies. And some of Gurinder's family were involved in the creation and maintenance of the frauds.
All the participants and recipients of the fraudulent loans are satsangis who pledged vows of loyalty to the Master, in this case Gurinder.
By June various additional detailed and indiependent audits had been conducted by the Serious Crimes Division of the Delhi police, the Securities and Exchange Board of India, and the new board at Religare (who filed their own complaint directly implicating the loan recipients and claiming this was all a big scheme involving several people who had knowingly participated in the construction and execution of several frauds).
Then in June, after much deliberation, the High Court of Delhi rendered a judgment that Gurinder, his family and associates, among others, were directly responsible for repayment of their delinquent loans, in full.
The High Court, essentially, verified what Malvinder claimed, and placed responsibility, and therefore culpability, directly onto Gurinder et al's shoulders. The High Court further froze Gurinder et al's assets as they were delinquent over several years in payment.
Guilt, culpability and responsibility have already been determined and payment ordered. For the funds Gurinder et al took, Malvinder is no longer responsible to repay that portion of the Daiichi penalty. The full responsibility is now directly upon Gurinder and company's shoulders, by judgment and order of the High Court of Delhi.