Press Esc to close
Monday 25 May 2015
News updated at 12:48 PM IST
Weather
Max: 33.3°C
Min : 22.5°C
In Bengaluru
Sunny day

Balkrishna booked in money laundering case, may be arrested

New Delhi, Aug 22, 2012, (PTI) :

Amid mounting trouble for yoga guru Ramdev, the Enforcement Directorate today registered a money laundering case against his close aide Balkrishna even as the agency is all set to close in on the two in its probe against their trusts.

The agency registered the case acting on the CBI FIR which had charged Balkrishna with violations of the Passport Act.

Sources said the ED suspects that Balkrishna, who has been looking after various trusts run by Ramdev, could have parked the alleged laundered money abroad using the forged Passport as claimed by CBI.

"The case has been registered under section 4 of the Prevention of Money Laundering Act (PMLA) and the investigations into Balkrishna's transactions abroad are now underway," sources said.

The ED may also move to arrest Balkrishna who walked out of jail on bail on August 17. He was sent to jail last month after he was arrested by CBI for allegedly submitting fake documents for obtaining Indian passport.

The CBI had registered a case of cheating and criminal conspiracy against Balkrishna on July 23 last year for allegedly procuring fake degree and violating Section 12 of Indian Passport Act by furnishing fake and forged High School and graduation certificates to the passport authorities for obtaining the document.

The CBI had filed a charge-sheet in a special court here against Balkrishna in the case.
The ED, which is probing Ramdev's trusts, for alleged contraventions of the forex rules is also set to begin penal proceeings in this case too.

The Revenue department has already begun a final tax assessment of the trusts associated with Ramdev after service and I-T officials recently conducted special probes on these enterprises for alleged tax evasion.

The I-T department, in May, has also slapped a notice of Rs 58 crore on the sale of the ayurvedic medicines by these trusts.

The Service Tax department has similarly raised a demand of about Rs 5 crore on the 'yog shivirs' run by Ramdev's trusts .

Ramdev, who has campaigned against black money in the country, heads an organisation that runs the trusts which manage the manufacture and sale of ayurvedic medicines in India and abroad.

The Service Tax department has already issued a notice to Patanjali Yoga Peeth for sale of entry coupons for yoga camps. Thousands of people have participated in these camps conducted across the country and abroad.

The yoga guru had declared his business empire to be worth more than Rs 1,100 crore.

The capital involving the four trusts run by him totalled Rs 426.19 crore while the expenditure incurred on them amounted to Rs 751.02 crore.

While the Divya Yoga Mandir trust has a capital of Rs 249.63 crore, Patanjali Yoga Peeth trust has Rs 164.80 crore, Bharat Swabhiman trust Rs 9.97 crore and Acharyakul Shiksha Sansthan Rs 1.79 crore -— all totalling Rs 426.19 crore.


Go to Top

Photo Gallery
Mumbai India and CSK Cricketers with IPL Trophy during photo session ahead of their IPL 2015...

Mumbai India and CSK Cricketers with IPL Trophy during photo session ahead of their IPL 2015...

Organically grown fruits and vegetables at ‘Pilikula Vasanthothsava’ at Pilikula in Mangaluru...

Organically grown fruits and vegetables at ‘Pilikula Vasanthothsava’ at Pilikula in Mangaluru...

Dr.Rajkumar's Statue Unveil at Gayathri (Rajaji) Nagar...

Dr.Rajkumar's Statue Unveil at Gayathri (Rajaji) Nagar...

An Indian man pours water on his face during a hot summer day in Hyderabad...

An Indian man pours water on his face during a hot summer day in Hyderabad...

A picture of late Pope's John Paul II is seen inside the Force India's Formula One car...

A picture of late Pope's John Paul II is seen inside the Force India's Formula One car...

Children seen carrying sand in cycle cart which collected from the road at Mysuru...

Children seen carrying sand in cycle cart which collected from the road at Mysuru...

A man shows a pair of turtles in Thane, Mumbai ...

A man shows a pair of turtles in Thane, Mumbai ...

A salesman helps a customer to select gold bangles at a jewelry showroom in Mumbai...

A salesman helps a customer to select gold bangles at a jewelry showroom in Mumbai...

A pair of Barbet bird sits on a tree in New Delhi on Sunday...

A pair of Barbet bird sits on a tree in New Delhi on Sunday...

People enjoying in a water park to beat the heat on a hot day in Bhopal on Sunday...

People enjoying in a water park to beat the heat on a hot day in Bhopal on Sunday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523