Here's a more interesting story from the Indian Financial Press, as compared to the rather blah story I shared yesterday about the financial fraud saga involving the Singh brothers and their relative, Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas.
Below is a The Economic Times piece that echoes a point I made yesterday.
Investigators and courts in India appear to be doing their best to avoid taking a close look at the role Dhillon and his family may have played in conspiring to benefit from the money that was fraudulently siphoned from Religare, a company once controlled by Sunil Godhwani, the guru's personal financial advisor.
I could be wrong -- an ever-present possibility -- but it looks to me that if the RSSB guru pays back the money that he got (he's claiming he owes nothing; Malvinder Singh disagrees), then he won't face further investigation and possible charges.
This would be disappointing, both legally and morally. However, the justice system sometimes works in mysterious ways, and likely the Indian justice system is more mysterious than many systems.
I've boldfaced passages that refer to Dhillon.
NEW DELHI: Former Fortis HealthcareNSE 1.26 % promoter Malvinder Singh, arrested in a case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL), told a Delhi court Tuesday he has paid back the money to the entities concerned. The submission was made before Chief Metropolitan Magistrate Gurmohina Kaur during hearing of arguments on the bail plea moved by Singh in the case lodged by the Economic Offences Wing (EOW) of Delhi Police.
The court has put up the matter for further hearing on February 6.
Advocate Manu Sharma, appearing for Singh, further said that the probe agency “cherry picked” him because of his affiliation with the family of spiritual head of the Radha Soami Satsang Gurinder Singh Dhillon, who allegedly conspired with other co-accused in the case in carrying out financial fraud.
He added Singh, who is in judicial custody, claimed that he has paid back the alleged laundered money to 14 entities through which he had received it.
“The probe agency is not investigating the Dhillon family. Singh has paid the money back to 14 entities. The probe agency need to investigate why the money has not been paid back to Religare yet,” the counsel said.
“Also, the promoter does not have any direct shareholding with any of these entities. If these entities do not return the money to RFL, it is not his fault,” he said.