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Satya Sai trust: 3-member panel submits report

Posted by on July 22, 2011 0 Comment

The government nominated 3-member high level committee of experts who examined the files submitted by Satya Sai Central Trust regarding the Trust activities, including financial transactions, aren’t satisfied with the details and are likely to seek more information from the Trust.

Highly placed sources in the government told this newspaper that the 500- page voluminous report submitted by the Trust on the directions of the state government was found to be “inadequate.”

The recent recovery of huge quantities of unaccounted cash, gold, silver and other valuables in Satya Sai Baba’s abode in Puttaparthi and Whitefield Ashram in Bengaluru raised doubts over the actual assets owned by Baba.

Sources further said the Trust has not valued its properties saying it was for charitable purposes only and not for commercial use. It provided annual income and expenditure, which was already revealed by the Trust after Baba’s demise.

The 3-member committee comprising Mr K. Narasimhamurthy, banking and financial expert, Hyderabad, Mr M. Srihari Babu, deputy secretary to government, law department, Secretariat and Mr O.V.R. Reddy, IFS, joint secretary to government, revenue (endowments) department submitted their findings to Dr K.V. Ramanachary, principal secretary to government, revenue (endowments) on Thursday.

After going through the findings, Dr Ramanachary met chief secretary, Mr S.V. Prasad, and discussed the Trust report and the observations. A report will be submitted to the Chief Minister in a couple of days. Deccan Chronicle

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