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I-T dept action on Kalki Baba yields ₹62 crore in cash

October 19, 2019 05:29 AM



The income tax department has seized Rs 43.9 crore in Indian currency and $2.5 million (about Rs 17.8 crore) in cash from Kalki Ashram, in Andhra Pradesh’s Chittoor district, and 40 other places, including many in Chennai and Bengaluru, owned by Kalki Baba and his son Krishna.

The seizures were made during searches over the last three days. An official statement from CBDT said on Friday that 1,271 carats of diamonds, worth Rs 5 crore, and undisclosed income of Rs 500 crore were also unearthed.

The I-T searches at the centres that run courses and training programmes in philosophy and spirituality have thrown light on many investments made by the institutions in India and abroad. Some of the companies are based in China, the US, Singapore and UAE. They receive payments from foreigners for wellness courses conducted in India. “The department is investigating diversion of income taxable in India to offshore entities,” said the statement.

The group, founded by spiritual guru Kalki Bhagavan in the 1980s and expounding a “oneness” philosophy, has diversified into several sectors, including real estate and construction in India and abroad.

By suppressing receipts, the institutions have been diverting money to buy property in Andhra and Tamil Nadu, an official claimed.“A preliminary estimate of such unaccounted cash receipts is Rs 409 crore from 2014-15 onwards,” it said.

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