A belief of the erstwhile royal household of Holkars managing properties in a number of states meant for charities has stated the inquiry by the financial offence wing (EOW) of the Madhya Pradesh authorities is puzzling given the variety of properties offered prior to now 40 years and the clear method by which these have been offered.
The EOW which has initiated a probe within the wake of a excessive court docket directive has proceeded to gather paperwork from the belief as a part of the inquiry.
On October 5, a two-judge bench of the Indore bench of the Madhya Pradesh excessive court docket put aside an order by a single-judge bench of the identical court docket in 2013 and stated the sale of endowment properties by Khasgi (Devi Ahilyabai Holkar Charities) Belief, Indore was a fraud. The 2-judge bench additionally declared the sale null and void and ordered an inquiry by the EOW.
It additionally dominated that the properties managed by the Indore-based Belief will lie with the state authorities.
On October 7, the state authorities issued an order for the EOW inquiry and constituted a 39-member crew of police officers, together with two superintendents of police to help the investigation.
The Khasgi Belief manages a complete of 246 properties unfold over 12,000 acre of land in varied states together with Uttar Pradesh, Uttarakhand, Rajasthan, Maharashtra, Tamil Nadu and many others. The properties embrace 138 temples, 18 dharmshalas and 34 ghats amongst others.
In keeping with the Belief, the valuation of properties was by no means achieved because the spiritual constructions like temples, ghats and many others couldn’t have been valued and that there was no event additionally for a similar prior to now six a long time or so of its existence.
The six trustees embrace Maharani Usha Devi (daughter of late Maharaja Yashwant Rao Holkar), her partner Satish Malhotra, justice PD Mule (retd), two representatives of state authorities as ex-officio members income commissioner, Indore and superintending engineering, PWD, Indore and a consultant of the central authorities BK Heerji.
Satish Malhotra has refuted allegations of fraud and stated all the cash from the gross sales was deposited within the belief’s checking account.
“The belief was created by Maharani in 1962. In all 7 properties have been offered for Rs 6 to Rs eight crore. Every rupee was deposited within the belief’s checking account, which stays intact in fastened deposits. The primary property offered was about 40 years again and the final one about 10 years again. The truth is, because the belief didn’t have cash as soon as for upkeep of its properties we invested Rs 5 to Rs 6 crore within the belief for the aim.”
He maintained that there was no illegality within the transactions and that the federal government had given its nod for the gross sales.
“They’ll ask any query and take any doc they need however in the end they are going to discover that no illegality has taken place. We determined to promote the properties, that too non-religious properties, solely when the state authorities didn’t take heed to our requests to extend the quantity of economic help which is Rs 2.91 lakh each year for upkeep of properties. The federal government had given its consent for the sale after which a supplementary belief was fashioned. Additionally, each sale had consent of all of the trustees together with the federal government representatives,” Malhotra stated.
EOW superintendent of police Dhananjay Shah stated, “At this juncture, it’s troublesome to inform in regards to the magnitude of the alleged fraud which we will know solely after gathering all of the related paperwork from the belief and analyzing the identical.”
He stated, “The SIT was constituted on October 7. Then, the belief was advised to submit its paperwork. As soon as we have now paperwork we are going to look into all of the elements.”
A authorities official who didn’t wish to be named stated, “The then principal secretary to chief minister Shivraj Singh Chouhan, Manoj Shrivastava had performed an in depth inquiry in 2012 into the sale of properties and existence of all different properties. The income division too is gathering all of the related paperwork to help the EOW in its probe.”