Who Owns the SRCM (Shri Ram Chandra Mission)?

Taken and translated from an article by Alexis: "A Qui Appartient la SRCM?", on Élodie's blog in Europe: Pour Que Vive Le Sahaj Marg.


Jan. 14, 2014

Foreign Donation ... Let's Talk Money

An update article by Alexis Jan. 12, 2014

In 1976, so as to control NGO (Non-Government Organizations) funds coming from abroad, the Indian government put in place the "Foreign Contribution Regulation Act" (FCRA) to avoid the excessive "... influence of the foreign hand" on the policy and the public projects of India.  Each year, the Department of Indian Affairs publishes a list of the NGOs in the country. For those who exceed ten million rupees in revenue from abroad, it also publishes the names of donors and the amount of their "foreign contribution", as well as the total amount of expenditures made by the NGO (see http://mha.nic.in/fcra.htm ).

To see List of Foreign Donors (with dates and amounts): 

*Click on FCRA link.  
*Under: "Foreigner's Division" (Yellow tab on left),  scroll down and click on: "Associations that received over one crore rupees in a financial year".  
*Select year, and then Select State and click on "Get Records":  (The Foundation (SMSF) is in Tamil Nadu, and the Society (SRCM) is in Uttar Pradesh).
*Click on the society (SRCM) or the Foundations (SMSF, LMES, BVET, etc...) to see the lists of donors.
* Click on  "Find" (Look under "Edit" in your browser) to find the info on a donor inside the document.  Enter the "search words" in the box which opens up at the bottom of the page.

 
Regarding Chari's Sahaj Marg(tm), the Indian SMSF, SRCM, LMES (Lalaji Memorial Education Society), and  BVET (Chari Foundation: Baal Vatika Education Trust)  are duly recorded  (RCN respective Registration Numbers: TN 075900957R, UP 136700005R, TN 075901050R and TN 075901033R). The SMSF and the SRCM blithely exceed the threshold, and their accounts are available for the years 2006 to 2011.  The LMES appears in 2006, 2008 and 2009. The BVET does not reach this threshold during this period ...
 
Let us recall and understand that Chari's school  (Lalaji Memorial Omega International School or LMOIS) is controlled and funded by two societies: LMES (Lalaji Memorial Educational Society) and the BVET. (Chari's Baal Vatika Educational Trust).  (Baal = Master or Lord ?, Vatika = Hermitage (note "Vatican" roots) 

Foreign Contributions

According to the FCRA, donations from abroad (Foreign contributions, from all countries excluding India) SRCM and the Indian SMSF together, accumulated over 7 years ( 04/01/2006 to 31/03/2013 ), totalled more than 31 million. The amount of foreign capital of these two organizations has increased by a multiple of almost 3, from nearly 19 million to more than $53 million over the same period. The amount of accumulated vested interests exceeds 18 million, or 58% of the amount of donations and 34 % of the current capital. Cumulative expenditures are less than 16 million. 

The "corpus fund" Mission established by Chari has far exceeded its goal. If donations stopped abruptly tomorrow, capital would continue to grow without Chari having to cut corners. The financial autonomy of the Mission of Chari and his successors is already reached!  This does not stop Chari from encouraging more donations from his members to the foundations of Sahaj Marg ...


Who funds the Mission? 

Chari's financial appetite is limitless.  And this calls into question the independence of the Mission already reached.  Indeed, four donors are responsible for more than half of the 7-year cumulative donations, nearly $17 million.  Each of them gave more than $ 2 million to the Mission in 7 years, while the fifth most important donor donated less than $300 thousand.
  
Their potential influence is huge! Chari used "kid gloves" with them. It is therefore not surprising that one of them is his designated successor, another has his own cottage (just like Chari) in the womb of  Babuji Memorial ashram ... 

If we put aside the 4 larger donors, of the $15 million remaining, 38% comes from North America, 23% from Western Europe and 8% from Asia (excluding India). The most important donor countries are the USA 36%, France for a little more than 8 %, Switzerland for almost 8% and 3% for the United Arab Emirates.

The top 50 largest donors (excluding the four largest) has contributed more than $ 2.5 million, 35 of them are Indian, 25 are of Indo-American origin. Most are at the head of start-ups in computer hardware or software, or in the production of generic drugs. 


But Then, Who Therefore Owns the Mission? 
Do you want the answer ? 

Number 1: Ilya Mikhailovich Kazmaly paid $10.3 million in 7 years, 33% of foreign donations made to the Mission and its SMSF foundation under the FCRA, in his own name or that of his wife and an offshore company called Mentor Financial Ltd. 

Gagauz of  Russian origin, born April 7, 1962, Kazmaly worked as an officer of the Soviet intelligence services before co-founding the Sheriff group in 1993, the first company in Moldova. Elected to the Supreme Soviet of the country in 2005, he has long been a principal supporter of President Smirnov. To learn more, read [ Sahaj Marg's Gift of $10 million dollars  or  Sahaj Marg(tm), Let's Talk Money] . 

Number 2: Madhava Reddy supports U.S. Republicans but even more the SRCM. Personally, through the Lachimi Foundation or through its start-up HTC Global Services, has paid $ 6.5 million in 7 years according to the FCRA , 21 % of foreign donations made to the Mission and its foundation SMSF . 

This accountant is the founding CEO in 1992 Hi Tech Consultant Global Services Inc in Troy, Michigan (www.htcinc.com). According to The Hindu Business Line, dated March 8, 2012, the computer technology and solutions company employs 4,000 people and exudes an income of about $160 million. It is also present in India (at Chennai and Hyderabad), Australia, Canada, Malaysia, Singapore and the United Kingdom. Also, two of its vice- presidents both paid 3 million rupees to the Mission and its foundation for the same period.  Incidentally, Reddy is also a member of the Board of Caraco Pharmaceutical Laboratories Ltd. (www.caraco.com), a subsidiary of the Sunpharma group. 

In 1999, Madhava Reddy created the Lachimi Foundation to implement the bulk of his donations to the Mission without having to pay taxes.  Between 1999 and 2011, the accounts of the Lachimi Foundation shows payments totaling more than $12 million. 

Chari has long resided in the cottage of this preceptor of Sahaj Marg and a member of the Board of Directors of the SRCM in the U.S., according to Echoes of India, November 2012.

Number 3: Madhusudanarao Kothapalli donated $2.5 million for the same period in the Mission and its foundation under the FCRA, or 8% of all foreign donations, personally or through his foundation. Originally from Hyderabad in Andrah Pradesh, the Indo-US emigrant co-founded the CorePharma LLC in 1998 in New Jersey (www.corepharma.com).  In 2005, he sold his shares in the company to RoundTable Healthcare Partners LLP, created the Aravind Foundation and paid $5 million through the foundation: 1 million to the SRCM and another to Baal Vatika Educational Society (the future LMES) in 2005, $3 million to the SMSF in 2006 ... and again $28,000 to the SRCM in 2009.

In 2011, Madhu Kothapalli founded another company's R & D generic drugs at his home in Hyderabad (www.Leiutis.com) . Chari is in the habit of inviting himself into the residence of this preceptor when staying in Hyderabad.

Number 4: Kamlesh Patel Desaibhai, vice president and designated successor of Chari, paid $2.1 million under the FCRA personally or through his family and network of pharmacies, or more than 7% of all foreign donations. Two of his colleagues and friends pharmacists from New York also paid them more than 5 million rupees, but I did not find any evidence that they work for him ... 

To learn more, read (in French... translate with "Google Translate")  [The Brooklyn Pharmacist]. 

The Money of the Mission

According to the FCRA numbers of 2006 and 2012, taking into account only the money from abroad, the Mission and its Indian Foundation therefore shared an average annual turnover of more than $7 million and a capital more than $53 million.

What about the money from the sale of publications and membership fees, when you know that a few years ago, the donations did not represent more than one third of the resources of the Mission? 

What about the additional Indian share, when we know that the bulk of the strength of the Mission is Indian? 

What about other foundations in Switzerland, the United States, Dubai or Hong Kong? 

What about the other national SRCM associations? 

Alexis 

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