ibnlive » India

Jun 28, 2011 at 07:54am IST

Sai wealth under scanner, trust to clear the air

New Delhi: Hit by charges of financial irregularities, the Sathya Sai Baba Trust at Puttaparthi has decided to air its version.

Under pressure over charges of financial irregularities and the Rs 35 lakh cash haul, the Sathya Sai trust has denies any wrongdoing and says it will make its side of the story public. The trust officials will hold a press conference on Tuesday.

On Monday, the Kiran Reddy government had written a letter to the Trust secretary seeking a detailed report including the misappropriation of funds.

The Trust has been given 10 days to furnish details about its organisational set-up, list of trustees, revenue and expenditure account, I-T returns etc.

The trust has come under the scanner after the police seized cash worth Rs 35 lakh from a car belonging to the trust at the Andhra-Karnataka border a fortnight ago.

Two Sathya Sai trustees RJ Ratnakar and V Srinivasan have already been interrogated by the Andhra Pradesh police in connection with the cash seizure case. Ratnakar, who is also the late Sathya Sai Baba's nephew, has dismissed the allegations.

"They are all allegation and very very few fact on that. The money which was caught doesn't belong to the trust. It belongs to group of devotees," said Ratnakar.

Previous Comments