ISKCON Bangalore had recently conducted press conference to share with media the recent findings of ICAI, Institute of Chartered Accountants of India. There was tremendous response to this conference and virtually every electronic media carried the news in their prime time news segment. A newly launched local language channel, Raj News even aired a live debate between representatives of ISKCON Bangalore and Mumbai.
We publish below excerpts from the press note of ISKCON Bangalore: The Institute of Chartered Accountants of India (ICAI) is a body set up by Government of India in the year 1949 to regulate the profession of Chartered Accountancy in India. The ICAI in its findings has noted that it was clear that ISKCON Mumbai had misused and mis-interpreted the audit reports of ISKCON Bangalore to further their case in the ongoing dispute between ISKCON Mumbai and ISKCON Bangalore. The council which has been established to regulate the profession of chartered accountants gave its finding after hearing response filed by Mr. VL Varadarajan former chartered accountant of ISKCON Bangalore.
In the year 2005 Sri Doyaram Dasa, the legal head and one of the trustees of ISKCON Mumbai had earlier filed a complaint against Mr. V L Varadarajan before the ICAI. In his complaint Doyaram Dasa had alleged that Varadarajan was guilty of professional misconduct by conniving in fraud by Madhu Pandit Das by modifying ISKCON Mumbai’s branch audit report into ISKCON Bangalore Society’s audit report. The council initially referred the matter to Disciplinary committee of ICAI consisting of five members from the CA fraternity. The disciplinary committee ruled that C.A. V. L. Varadarajan is guilty for issuing anti-dated audit report and balance sheet to ISKCON Bangalore Society and referred the matter to entire council of ICAI consisting of forty members. The council heard contentions of both parties and pronounced it final findings last week.
For more details, visit: http://www.struggle-for-truth.org/articles/iskcon-mumbai-misused-bangalores-annual- accounts-to-aid-their-litigation-icai/