Wow. Big news regarding the Singh brothers/Dhillon family financial scandal drama.
After being ordered by the High Court of Delhi to appear before it on November 14, along with other parties involved in what appears to be fraudulent transfers of funds that now prevent the Singh brothers from having enough money to pay an award related to their sale of a pharmaceutical firm, the family of Gurinder Singh Dhillon, guru of Radha Soami Satsang Beas, has made up some marvelously unbelievable excuses for not being able to make the court hearing.
This is more evidence that Dhillon and his family have done something wrong.
Innocent people welcome the opportunity to tell their side of a story in court. Guilty people don't. Hopefully the court will look at the Dhillon family excuses with a highly skeptical eye, because those excuses make very little sense.
Here's two stories from the Indian financial press about this development. This is a Business Today story.
Download Daiichi case: 6 days to deadline RSSB chief Dhillon & family back off from court appearance
Six days before their scheduled hearing in the Delhi High Court in the Daiichi Sankyo case, the Gurinder Singh Dhillon family has backed off from personal appearance in court citing reasons ranging from "surgeries" abroad to "satsang commitments".
The court had asked RSSB chief Gurinder Singh Dhillon and his family members, former Religare promoters Shivinder Singh and Malvinder Singh, former Religare chief Sunil Godhwani and his brother Sanjay Godhwani to be present at the court hearing on November 14. They were also asked to come up with all the required documents relating to the dealings.
While Gurinder Singh Dhillon said he had "satsang commitments" outside Delhi on the hearing day, his wife Shabnam Dhillon cited a scheduled gastric surgery at a UK hospital on November 20, saying she needed to travel to the country on November 12.
Indicating his inability to be present in court, Gurinder Singh also said he's "senior citizen, diabetic and cancer patient". Dhillon's son Gurkeerat said he had to accompany his mother to the UK for the treatment. His elder son Gurpreet said he's in Singapore. Dhillon's daughter-in-law Nayan Tara Dhillon cited her four-year-old son's hip implant treatment for her inability to be present in the court.
Interestingly, RSSB's Satsang schedule on its website shows no Satsang has been planned on November 14. The Rudrapur Satsang, which begins on November 12, ends on November 13. The question now is whether there are already any lookout notices against the Dhillon family and other 55 garnishees. And whether the court would prevent any of them from travelling abroad -- fearing escape.
Daiichi had earlier enforced an arbitration order in Singapore that ordered the brothers to pay Daiichi $500 million towards alleged non-disclosure of crucial information during the sale of Ranbaxy Laboratories to Daiichi in 2008. Expanding the scope of people from whom the money could be recovered, the court in June had named 56 entities, including Dhillon, his wife Shabnam Dhillon and other family members, and Godhwanis, and ordered them to pay up Rs 6,373 crore worth of dues to Singh brothers so that they could honour the $500 million order to pay Daiichi.
On March 12, BusinessToday.In reported that Singh brothers could only pay the $500 million order against them to compensate Daiichi, provided the money owed to them by RSSB chief Gurinder Singh Dhillon and his family was recovered. In his submission, Malvinder had maintained that he could pay Daiichi provided he recovered the money owed to him.
Besides the Dhillon family, the Delhi HC had also issued 'garnishee orders' -- an order that's issued against a third party to recover money to settle a debt or dues -- against 55 entities, including Dhillon and RSSB associates' companies, including Prius Real Estate, Addon Realty, Payne Realtors SGGD Projects, Luminous Holding.
BusinessToday.In had also reported the flow of money that went from Singh brothers to entities owned and controlled by Gurinder Singh Dhillon, his family and RSSB associates. RoC filings and terms sheets had revealed that between 2011 and 2014, Rs 1,107.5 crore from the Rs 9,576 crore sale proceeds of Ranbaxy to Daiichi Sankyo was paid through various RHC group firms. Thereafter, this money was transferred to Prius Real Estate Private Limited controlled by Dhillon family associates and RSSB functionaries through optionally convertible debentures (OCD).
Radha Soami Satsang chief Gurinder Singh Dhillon along with his family members have cited various reasons seeking exemption from appearing before the Delhi High court on November 14.
The Dhillons in their Interim applications (IAs) filed before the court expressed their inability to appear before the court on the next date of hearing. While RSSB chief Gurinder Singh Dhillon has said that he has satsang commitments outside Delhi on that date and also he is a senior citizen, diabetic and cancer patient, hence he will be unable to appear before the court.
His wife, Shabnam Dhillon has said that she cannot appear due to a scheduled surgery in a hospital in UK on November 20 for which she needs to travel on November 12. Their son Gurkirat has said that he has to accompany his mother for the treatment.
While their second son Gurpreet Dhillon has expressed that he is in Singapore and has “critical work commitments” and is required to be personally present. His wife Nayan Tara on the other hand said that she cannot appear due to her four year old son’s medical condition, which needs "continuous care and attention”.
The court had in October ordered Dhillon along with his wife Shabnam, sons Gurkirat and Gurpreet and daughter in law Nayan Tara to personally present in the court on November 14, after Dhillon and his family members had said that they did not owe any money to RHC Holding Pvt Ltd, promoted by Malvinder and Shivinder Singh, following the court’s direction to deposit the amount owed to RHC holdings pvt Ltd in connection with the execution of Rs 3500 crore arbitration award won by Japanese form Daiichi Sankyo against former RanbaxyNSE 5.63 % promoters.
In his plea Dhillon had told the court that RHC Holding has made false claims and they did not owe any money to RHC Holdings Pvt Ltd. The court in its order then asked the Dhillons to “remain present in the court with relevant documents related to their dealings and transactions with the garnishees and their related companies.
The Dhillons are among 55 individuals and entities ordered by the court to pay over Rs 6000 crore owed to RHC holding in connection with the settlement of a dispute to Daiichi Sankyo’s acquisition of Ranbaxy laboratories.
The court while hearing the applications on Friday asked the garnishees to furnish their documents before the court. The requirement to appear before the court still looms as the court will take up the matter on November 14.
Justice JR Midha in his earlier order had also stated that these entities cannot “dispose of, alienate, encumber directly or indirectly, part with the possession of any assets, except in the ordinary course of business like payment of salary and statutory dues, till the next date of hearing.”
According to an affidavit filed by RHC Holding in April, entities including those controlled by the RSSB chief, his family and close associates, owed over Rs 6,000 crore to the company and other group entities of the Singh brothers. Malvinder Singh, one of the directors of RHC, had maintained that payment of an arbitration award related to Daiichi Sankyo’s acquisition of Ranbaxy could be made only if the money owed was recovered.
Leave a comment on this post if you want to share your opinion about the Dhillon family excuses for not being able to come to the November 14 court hearing. These are my takes on the excuses.
Gurinder Singh Dhillon. RSSB satsang schedule shows no meetings on the 14th. And somehow the senior citizen guru can travel all over the world giving talks to RSSB devotees, but is unable to go to a court appearance in Delhi. Highly unbelievable.
Shabnam Dhillon. The guru's wife just realizes she has surgery scheduled for November 20 in the UK that she has to leave eight days early for. Must take days to check into the clinic or hospital. Highly unbelievable.
Gurpreet Dhillon. The guru's son has "critical work commitments." However, the November 14 court appearance has been scheduled for quite a while, over a month I recall. Somehow Gurpreet can't do his critical work either before or after the 14th? Highly unbelievable.
Naya Tara Dhillon. I accept that her child has a medical condition. But I can't believe that a wealthy Indian family can't find anyone to care for the child during the short time needed to attend a court hearing. Highly unbelievable.
UPDATE: A commenter sent a link to a Times of India story that appeared in a newsreader. I wasn't able to find the story on the Times of India web site, but here's screenshots of the link. Looks like Gurinder Singh Dhillon and his family don't have to attend the November 14 hearing, though they have to provide documents and be available by phone.