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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

Bank accounts, realty deals under SIT lens

Mumbai: The Special Investigation Team (SIT) probing self-styled godman Ashok Kharat has widened its investigation, turning the spotlight on his financial empire with a detailed scrutiny of bank accounts held by him, his family and close associates. Investigators have so far identified five bank accounts linked to Kharat across major lenders: State Bank of India, Union Bank of India, ICICI Bank, Saraswat Bank and Vishwas Cooperative Bank. These accounts hold deposits totalling Rs 40.87 crore...

Bank accounts, realty deals under SIT lens

Mumbai: The Special Investigation Team (SIT) probing self-styled godman Ashok Kharat has widened its investigation, turning the spotlight on his financial empire with a detailed scrutiny of bank accounts held by him, his family and close associates. Investigators have so far identified five bank accounts linked to Kharat across major lenders: State Bank of India, Union Bank of India, ICICI Bank, Saraswat Bank and Vishwas Cooperative Bank. These accounts hold deposits totalling Rs 40.87 crore and are now under the scanner to trace sources, transaction trails and possible beneficiaries. Sleuths suspect that the accounts may reveal financial links to a web of property deals, investments and other transactions — both legitimate and dubious — and the SIT is now examining possible offences such as tax evasion and money laundering. Earlier this week, the SIT informed a Nashik court that raids carried out at Kharat’s office, farmhouse and other premises led to the seizure of Rs 6.53 lakh in cash, two laptops, multiple mobile phones, a DVR system, hidden cameras, and gold ornaments — 20 tolas from his wife and 12 tolas in his name. Simultaneously, Kharat’s chartered accountants, Prashant Palde and Kiran Kataria, told investigators that the accused had travelled extensively abroad in recent years, visiting countries including the United States, France, Australia, UAE, Peru, Malaysia, Indonesia and more. The SIT has also approached the Inspector General of Stamps, Pune, to help detect additional properties linked to Kharat and his network. Realty Investments So far, the investigators have uncovered a sprawling portfolio of realty investments comprising agriculture, commercial, bungalows, flats, etc., spread in Nashik, Pune, Ahilyanagar and even Raigad, standing in the names of Kharat or his family or certain business associates. They include: 33 acres of land and a farmhouse (Mirgaon); 10 acres of land (Pathardi village); 6 acres (Sinnar); 4.5 acres in own name and 5.5 acres (Shirdi and Kakadi); an 800-sq.ft flat and a bungalow in Karmayogi Nagar (Nashik); plots totalling 12 gunthas (around 12,000 feet in Ojhar); 6 gunthas (Adgaon, Nashik); 11 gunthas in daughter Shrusti’s name and a plot (Sangamner and Pune); a 180 sq.ft office at Canada Corner (Nashik); a marriage hall in partnership with others (Shirdi); 6 acres as a joint partner with five others (Sinnar). Public Prosecutor Ajay Missar told the court that the SIT is probing whether more undisclosed assets exist, while also examining if questionable transactions led to losses to the public exchequer. Authorities are coordinating with the Income Tax Department as part of the financial probe. One transaction under the radar involves a two-hectare agricultural plot in Mirgaon, donated to Kharat’s Shri Shivnika Sansthan Trust by a Mumbai-based devotee. The land was reportedly purchased in May 2019 for Rs 24 lakh and transferred to the trust almost immediately through a gift deed. However, the same gift deed document pegged the land’s market value at Rs 32 lakh — a shocking jump of Rs 8 lakh within hours — raising red flags over possible irregularities or manipulation in valuation, with likely connivance of officials. The Shri Ishaneshwar Temple on the land was constructed in 2009–2010, allegedly using public contributions, as claimed by several political leaders.   Fear of ‘Elimination’ Shiv Sena (UBT) leader Ambadas Danve has raised concerns, alleging that those exposed in the recovered videos could attempt to eliminate the godman — currently in police custody. Danve claimed that as more explicit material surfaces, individuals implicated in the videos may ‘join hands to silence him through an extra-judicial killing to prevent further revelations.’

Omar welcomes Indus Water Treaty suspension, calls it “most unfair document” for J&K



SRINAGAR: Jammu and Kashmir Chief Minister Omar Abdullah on Friday welcomed the Central government’s decision to suspend the 1960 Indus Waters Treaty (IWT) with Pakistan following the deadly Pahalgam attack that claimed 26 lives. He also referred to the treaty as the “most unfair document” for the people of J&K.


“The Government of India has taken some steps. As far as Jammu and Kashmir is concerned, let’s be honest. We have never been in favour of the Indus Waters Treaty. We have always believed it to be the most unfair document to people of J&K,” Abdullah told reporters in Srinagar after meeting representatives from the tourism, trade, and industry sectors. However, he noted that the long-term impact of this move is still uncertain.


The IWT suspension is part of India’s response to the brutal attack. Other actions include expelling Pakistani military attaches and shutting down the Attari land-transit point immediately.


When questioned about the impact of the April 22 attack on the region’s tourism industry, Abdullah dismissed concerns about monetary losses. “At this juncture, we are not counting rupees or paisa. Not one of the businessmen or stakeholders in the tourism industry who attended the meeting lamented the loss of business. Not one of them expressed any concern about what would happen to them.”


“Right now, our priority is to express solidarity with the bereaved,” he said, adding, “At some point in future, we may sit down to discuss the financial implications (of the attack) on J&K’s economy. But not a single stakeholder present in the meeting raised a demand for monetary relief for the losses they are suffering.”


Omar described the tourist exodus from J&K after the massacre as “heartbreaking”. The future of the Valley’s tourism sector remains uncertain, with widespread trip cancellations following the attack.

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