Discreet probe by ED into Ramdev's offshore assets, investments

Image
Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 2:17 AM IST

The Enforcement Directorate (ED) has begun a discreet probe into the offshore assets and investments made by yoga guru Ramdev and institutions affiliated to him.

The ED is probing whether Ramdev’s investments and transactions were carried out flouting foreign exchange laws, sources in the Directorate said.

On the scanner of the agency is an island in Scotland which was gifted to Ramdev by a couple who is among his ardent followers.

The Little Cumbrae Island, off the fishing town of Largs in Scotland, serves as Ramdev’s base overseas and also as a wellness centre.

The probe, according to the sources, is aimed at checking the flow of money and transactions through various trusts floated by Ramdev including the Patanjali Yogpeeth Trust, Divya Yoga Mandir Trust and Bharat Swabhiman Trust.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 28 2011 | 12:11 AM IST

Next Story