AsaramAn investigation into the finances of ‘self-styled’ godman Asaram has revealed that
he had been holding undisclosed income of at least Rs. 2,300 crore since 2008-09.

Undisclosed sources in the Income Tax Department told the Indian Express that the Asaram, through his followers ran a lending scheme that offered cash to individuals and entities at a monthly interest rate of 1-2 percent between 1991-92.

“The money was loaned in cash, with post-dated cheques, promissory notes and land-purchase deeds as security. We suspect that the scheme was used by Asaram and his followers to conceal donations received by the ashrams,” the Express quoted the officials as saying.

The tax department also unearthed ‘benami investments’ that ran into several crores, allegedly linked to Asaram and his followers based in Kolkata.

Asaram has been in a jail in Jodhpur since September 2013. Two months later, he, along with his son Narayan Sai, was booked for the alleged rape of two sisters at their ashram in Gujarat’s Surat.

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