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October 15, 2019

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Surprise, surprise.

The story unfolds further and looks like it’s now just a matter of a little more time before GSD and clan are brought in for interrogation. See the latest news from Times of India:

https://timesofindia.indiatimes.com/business/india-business/rfl-case-singh-brothers-said-rs-1000-crore-siphoned-off-by-entities-linked-to-loan-book-eow-tells-court/articleshow/71602020.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=sms RFL case: Singh brothers said Rs 1,000 crore siphoned off by entities linked to loan book, EOW tells court -

Nothing Version 3.1 = Confiscation of properties + jail terms + jail cuisine

Here is another interesting video in Hindi.

It says that one of the most powerful spiritual practice is to let go of your Guru 😊

https://www.youtube.com/watch?v=nOL5QcNjLS0&t=133s

https://indianexpress.com/article/explained/explained-who-are-radha-soami-satsang-beas-dera-malvinder-shivinder-singh-religare-6068897/

I had no idea that RSSB has 20 million followers, and that 18,000 people live at the dera. Is that accurate?

"Shivinder submitted that he was himself a victim and was ready to help and cooperate in the investigation"

Shivinder admits he's a victim? A victim of whom?

https://www.newsnation.in/business/news/breaking-former-ranbaxy-promoters-malvinder-singh-shivinder-singh-sent-to-two-day-police-custody-in-fraud-case-241010.html

"According to the police, the complainant stated that the four had absolute control on REL and its subsidiaries."

"They put RFL in poor financial condition by disbursing loans to companies having no financial standing AND BEING CONTROLLED BY THEM. The companies to which loans were disbursed willfully defaulted in repayments and caused a loss to RFL to the tune of Rs 2,397 crore," police had alleged."

https://www.telegraphindia.com/india/singh-brothers-said-rs-1-000-crore-siphoned-off-by-entities-linked-to-loan-book-eow/cid/1711912

1000 crore isn't 2397 crore
That's 1397 crore short of missing millions

Where's the rest, if 1000 crore is the amount siphoned to 'various' shell companies? Also with Gurinder??

Or Malav got a better idea?

We're in the End Game now. And there is probably one possible universe out of 14 million or more in which GSD and family did not knowingly take illegal loans worth tens of millions.

Babaji and family have been ordered by the high court of Delhi to be present in the court on November 14 with all required documentation related to this money trail.

https://www.businesstoday.in/current/corporate/daiichi-case-delhi-hc-orders-rssb-chief-dhillon--family-singh-brothers-ghodhwanis-present-court/story/384999.html

https://economictimes.indiatimes.com/news/politics-and-nation/delhi-hc-orders-rssb-chief-gurpreet-singh-dhillon-to-appear-in-court-on-nov-14/articleshow/71610241.cms

Shivinder admits he's a victim? A victim of whom?

Posted by: j | October 15, 2019 at 10:14 PM

A victim of his fate or his own actions. Depends upon your beliefs.

“Delhi High Court has asked Radha Soami Beas chief Gurinder Singh, his family members, fmr Religare promoters Shivinder Singh & Malvinder Singh, fmr Religare chief Sunil Godhwani & his brother Sanjay Godhwani to be present at the court hearing in the Daiichi Sankyo case on Nov 14.”

I just came across this on Twitter - Does anyone know if it’s true/accurate?

Obviously, this is a different case than the current reason for the Singh Bros continued detention

JS

Shivinder admits he's a victim? A victim of whom?
Posted by: j | October 15, 2019 at 10:14 PM
"A victim of his fate or his own actions. Depends upon your beliefs."

Or it's Shivinder's oblique admission that someone made false promises to him about the success of the money siphoning. I've never heard of someone who was arrested saying they were victims of fate or their own actions.

If the quote is authentic, it seems to me that Shivinder is saying that someone led him down the garden path but he doesn't want to say who that someone is.

Or it's Shivinder's oblique admission that someone made false promises to him about the success of the money siphoning. I've never heard of someone who was arrested saying they were victims of fate or their own actions.

If the quote is authentic, it seems to me that Shivinder is saying that someone led him down the garden path but he doesn't want to say who that someone is.
Posted by: j | October 16, 2019 at 12:59 PM

Hi J,

Your understanding / assessment of Indians who indulge in money laundering (and this includes Singhs who now feature on the illustrious list which has the likes of Vijay Mallya, Nirav Modi, Wadhawans, Mehul Chokshi etc etc etc) is abysmal.

The Singh bros aren't naive. For years financials of a listed company were being manipulated. That's grave. You would know what this incurs in USofA - Sarbanes Oxley and all that shit. Even India has a milder but similar certification.

When shit breaks out

Standard operating process - I am a victim, I just signed blindly trusting xyz, or I am penniless. Fact is these guys are victims of their own actions. Even trusting somebody implicitly is an act ( but which I refuse to believe was the case here)


Businesses go bust not the business men

Latest news (thank you poster named Guru for the link)

https://www.ndtv.com/india-news/ex-fortis-promoters-malvinder-singh-and-shivinder-sent-to-14-day-judicial-custody-2118300

Malvinder, Shivinder and Sunhil will be kept in jail for another TWO WEEKS....

What started as four days is now three weeks incarceration, three weeks of questioning, and efforts to follow the money to the parties who actually received it.

I think the crimes division is serious about recovering this money.

The Crimes Division is building their case, and apparently they have come up with some series leverage to justify two more weeks in jail.


I think the crimes division is serious about recovering this money.

The Crimes Division is building their case, and apparently they have come up with some series leverage to justify two more weeks in jail.

Posted by: Spence Tepper | October 17, 2019 at 04:27 PM

Oh thank you for telling us all that the Crime Division is 'serious' about recovering the monies. Is this a first of some sorts in its history?

And have they really come up with a series of leverages? Are you by any chance suggesting they are making up stuff?


- do not think or presume anything about the Indian Investigative Agencies

- do not rely on Indian media, which is all that you have done

Extension - routine procedure.

Currently attempts to (1) establish the authenticity of all information provided (2) probing/extract what's not been provided (3) establish what are the real facts of the case and which is the only 'admissible evidence' and (4) file the charge sheet

Extension of remand usually a sign of non-cooperation, suspicion not all is being disclosed, inability to corroborate the information and of course emergence of new information which needs to be investigated.

But I don't blame you. Sitting 6000kms away, your GSD addiction results in your fingers punching away in an overdrive mode. Time for some GSD de-addiction huh?

Quantum embezzlement
The harder you look, the less you see.
There is probs no paperwork pointing directly to the Baba.
I reckon the Baba will walk. Scot free.
😵

ofcourse the baba will walk scot free.....someone who can fool 20 million people is no joke.....he is shrewd and cunning....plus with his influence in india and his wealth....he can buy the entire judicial system

ofcourse the baba will walk scot free.....someone who can fool 20 million people is no joke.....he is shrewd and cunning....plus with his influence in india and his wealth....he can buy the entire judicial system

Posted by: commonsense | October 18, 2019 at 07:23 AM

That's the way the cookie crumbles for his baiters.

Didn't someone not tell you whining is bad for health. Take a chill pill, sit back and enjoy.

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