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Major Financial Scam Uncovered in Investigation of Self-Styled Godman

Indian Community Editorial TeamBy Indian Community Editorial TeamApril 3, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
Major Financial Scam Uncovered in Investigation of Self-Styled Godman
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A significant financial scam has been exposed during the investigation of self-proclaimed godman Ashok Kharat. Initial findings indicate that Kharat allegedly established over 130 fake bank accounts in 2021–22, under various names, for transactions amounting to crores of rupees. These accounts were reportedly linked to financial entities like Samata Credit Institution and Jagdamba Credit Institution.

Authorities have discovered that Kharat was listed as the nominee for all these accounts, through which substantial amounts, sometimes in lakhs, were transferred within a day. It is estimated that transactions exceeding Rs 50 crore may have flowed through this network. The probe has also hinted at potential involvement of influential individuals, prompting an investigation into whether accounts were opened using the names of relatives of prominent figures.

The investigation took a crucial turn during the interrogation of two individuals previously arrested in an unrelated money-lending case by Shirdi police. The Special Investigation Team (SIT) is now delving into allegations of widespread financial irregularities and potential money laundering. There are indications that illicit funds collected from devotees might have been funneled through hawala channels to obscure their source.

In a related development, efforts were underway to question Kharat’s wife, but she reportedly went missing before any action could be taken. Subsequently, Kharat’s son was apprehended. While initially uncooperative during questioning, he later admitted to frequent large cash inflows at their home, though he claimed ignorance about their origins. He did acknowledge that his father had complete control over financial matters. The SIT is gearing up to conduct a detailed financial audit of Shivnika Sansthan, an institution allegedly associated with Kharat, to investigate potential misuse of religious platforms for legitimizing illegal funds.

Ashok Kharat Jagdamba Credit Institution Samata Credit Institution Shirdi police Shivnika Sansthan Special Investigation Team (SIT)
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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