The Income Tax department of India has recommended cancellation of the tax breaks given to charitable trusts controlled by self-styled Hindu ‘godman’ Asaram Bapu.
According to The Indian Express, the recommendation of the IT department comes on the basis of a probe which revealed that the trusts had been concealing an annual income worth Rs 2,300 crore since 2008-09.
Sources revealed that the tax department has also unearthed numerous “benami investments” allegedly linked to Asaram and his followers, amounting to several crores.Infamous Hindu guru Asaram Bapu’s shady financial dealings worth billions finally uncovered - Daily Pakistan Global
An appraisal report prepared by the investigation wing of the IT department has also found that Asaram allegedly ran an illegal lending scheme through his followers. Under the scheme, ordinary people were offered cash loans at a monthly interest rate of 1-2 per cent.