Month: March 2019

It's a tale that deserves to be made into a Bollywood movie. But the plot line has some serious consequences for how India is viewed by investors and businesspeople worldwide. Here's how a potential investor in an India enterprise might view the tangled web of illegal financial dealings involving Malvinder and Shivinder Singh, a.k.a. the Singh brothers, and their uncle (or maybe cousin) -- Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas (RSSB). Hey, I like your business plan. But I've been reading about how an Indian guru installed his right hand man as CEO of a company…

Here's a follow-up to yesterday's post, "RSSB insider Sunil Godhwani charged with criminal conspiracy." In that post I noted that a document I got of the complaint filed by attorneys representing Religare, the company from which funds were fraudulently siphoned, was difficult to read due to the formatting. But someone sent me the document in Word format, from which I was able to first produce paragraph breaks that made the document much easier to read, and then export the file in a PDF format. Here it is: Download Religare Complaint PDF It's more than 20 pages long, yet well worth…

The wheels of justice in India keep inching closer to the guru who heads up Radha Soami Satsang Beas, Gurinder Singh Dhillon. A story in The Economic Times reports, "Delhi Police books Singh brothers & others on charges of cheating and criminal conspiracy." (Scroll down for another blog post I just wrote relating to the RSSB guru, "Sheetal Talwar talks about death threat made from RSSB satsang office.") One of the "others" charged with criminal conspiracy is Sunil Godhwani, who has been described as Gurinder Singh Dhillon's right-hand man.  Someone in the know about RSSB goings-on had this to say…

I've got a couple of stories from the India press regarding the RSSB/Singh Brothers saga to share today. Scroll up for the story regarding a criminal complaint (once it's written). The one I'm sharing in this post relates to another criminal complaint alleging a death threat made against filmmaker Sheetal Talwar after he tried to recover a $1.25 million loan he made to Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas (RSSB). See yesterday's post, "RSSB guru made death threats, says India filmmaker." Now, it was associates of the guru who made the death threats, not the guru…

Looks like a pattern. When Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas (RSSB) is asked to repay money he owes, he doesn't pay up, then makes death threats against the person who wants their money back.  This is alleged by Malvinder Singh in a criminal complaint filed against the RSSB guru. And now Sheetal Talwar, a filmmaker, is alleging that he also received death threats after trying to recover a $1.25 million loan given to the guru. A Business Today story tells the sorry tale. I've shared it below.  Astoundingly, Dhillon requested the money in 2015 to…

Ah, it's so refreshing to see the following comment from someone who appears to be an initiate of Radha Soami Satsang Beas, yet is bothered by mindless defenses of the RSSB guru (Gurinder Singh Dhillon), who is linked to investigations of massive financial fraud. The comment was posted by "In Search Of" today. I like the pen name. We're all in search of something. Hopefully that includes the truth, and willingness to listen to a variety of opinions. Plus, embracing new facts about reality as we learn them, then adjusting our view of the world accordingly. The only thing I'll…

I'm grateful to commenters on my blog posts for reinforcing my conviction that religiously-minded people often are incapable of recognizing reality. Not always. Often.  Case in point: some regular commenters, who I assume read my posts before they comment on them, keep on ignoring facts about the scandalous drama concerning financial dealings involving a Bollywood-like cast of characters. Here's an overview of the drama. -- The once-billionaire Singh brothers, Malvinder and Shivinder, whose business empire has been reduced to almost nothing following a string of poor decisions and fraudulent loans. -- The Singh brothers are relatives of the guru of…

Last year I shared 27,000 words worth of comments left on this blog by "Tara," someone who had an up close and personal view of both Gurinder Singh Dhillon (photo below) and the RSSB organization prior to them becoming disillusioned by what they saw, which led to this person leaving the RSSB fold. As noted in the post, "Devastating criticism of Gurinder Singh Dhillon by a RSSB insider," the comments were written between 2010 and 2014. That was five to nine years ago, before the RSSB guru's massive questionable loans and alleged criminality came to light in the Indian financial…

Another story in the Indian financial press points to the siphoning of funds from companies affiliated with the Singh brothers into the pockets of Gurinder Singh Dhillon and his family as being key to Malvinder and Shivinder's ability to comply with legal rulings. This shows that defenders of the guru, some of whom leave comments on my blog posts wrongly claiming that this is just a "family affair" that doesn't harm anyone else, need to recognize how serious the financial wrongdoing involving the RSSB guru is. Here's some excerpts from "Time may be running out for Singh brothers to pay…

The money Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas, is expected to pay back so an arbitration award can be made in accord with an India Supreme Court ruling keeps getting larger. A few days ago I reported that the guru owed $870 million. Now the amount has risen to $906 million, according to a Times of India story, "Will recover dues from Radha Soami head, others Malvinder tells SC." The story provides further evidence that defenders of the guru are wrongly claiming that this is just a family affair. (Malvinder Singh is the guru's cousin; some…

When someone leaves a thoughtful, lengthy, well-researched comment on this blog, I'm motivated to share it in a blog post so more people see it. In this case, I also found the commenter's assumed name to be wonderfully creative: Radh(er Not) Soami -- a play on words, since Radha Soami is both a greeting used by members of Radha Soami Satsang Beas and shorthand for the group's philosophy. Hence, "rather not" becomes Radh(er Not). Here's this person's comment. I added some explanatory links, a few photos, and corrected some typos. "Shivi" stands for Shivinder Singh. "Malav" stands for Malvinder Singh.…

When I read the first sentence of a comment by "Hidden Agenda" on a recent blog post of mine, "Malvinder: RSSB guru's loans of over $870 million are due," I strongly suspected I was going to find what this person wrote was interesting. Let's piece the whole story together using common sense.  Below is the comment, with a few typos corrected. I consider that everything Hidden Agenda says does indeed make common sense. This person fits together bits of pieces of the Dhillon family/Singh brothers financial saga in a fashion that makes for a coherent tale. Gurinder Singh Dhillon, the…

I just made this update to the blog post I wrote yesterday, "RSSB guru had better have a big bank balance." NEXT DAY UPDATE: A Live Mint story about the Supreme Court hearing reports that Malvinder Singh says the RSSB guru has loans of over ₹6,000 crore, $870 million, that are due. So the graphic above appears to be correct. Excerpt: Malvinder Singh, in his 30-page affidavit, claimed that Gurinder Singh Dhillon, the spiritual head of Radha Soami Satsang Beas, his family members and companies controlled by him used funds from the Ranbaxy sale to buy real estate, and loans…

I'm sure defenders of the guru of Radha Soami Satsang Beas will have a different take on today's news from the Indian financial press, but the way it looks to me, Gurinder Singh Dhillon, his family, and associates are going to have to account for the hundreds of millions of dollars they've gotten from fraudulent loans.  Well, more than account. Because it sure seems like there's going to be a lot of pressure on the Dhillons, et.al., to pay back the approximate US $800 million they've gotten from highly suspicious loans. No, that isn't a typo. The amount reported by…

Well, the financial irregularities surrounding the guru of Radha Soami Satsang Beas, Gurinder Singh Dhillon, (a criminal complaint has been filed against him) appear to be reaching the Supreme Court of India. The court has asked Malivinder and Shivinder Singh, cousins of the guru who are enmeshed in his massive monetary dealings, to appear on March 14 to answer questions about what happened to 4,000 crore rupees Fortis Healthcare got from Malaysia's IHH Healthcare. Rs 4000 crore is about $574 million. India's Business Today has a story about the Supreme Court hearing, "SC take note! Singh brothers can pay off $500…

Well, there's been an interesting exchange of opinions following recent posts I've written about the financial fraud involving Gurinder Singh Dhillon, the guru of Radha Soami Satsang Beas, his family members, and close associates. In general, RSSB devotees have been guilty of ignoring facts -- which, of course, was one of the points I made in my most recent post on this subject, "Why Gurinder Singh Dhillon is a lot like Donald Trump."  Spence Tepper, a hospital consultant, has delved deeply into the details of the financial fraud uncovered by SEBI, the Securities and Exchange Board of India. He's been…

Here in the United States we get "treated" almost every day to new revelations about wrongdoing committed by President Trump and his cronies. I put that word in quotes because it certainly isn't a treat to learn how badly the leader of our country has been behaving. Somewhat similarly, the Indian financial press has been regularly reporting on the financial follies of the guru who heads up Radha Soami Satsang Beas, Gurinder Singh Dhillon. Being familiar with the legal dramas surrounding both men -- Trump and Dhillon -- I see these commonalities. (1) True believers refuse to recognize facts. Trump's…