The case pertains to 200 acres of land in Ratlam and the SFIO, which wants to prosecute Asaram and his son under the provisions of Indian Penal Code and Companies Act 1956, recently send its recommendation to the Ministry of Corporate Affairs in this regard.
"We have received the recommendation from SFIO to prosecute Asaram Bapu, his son Narayan Sai and some others in the case and its under consideration," said a senior official from Ministry of Corporate Affairs.
The land, located on the Delhi-Pune freight corridor in MP belongs to Jayant Vitamins Limited and was allegedly grabbed in 2000 and is being used by them since then, sources said.
JVL is a public limited company which was delisted from the Bombay Stock Exchange in 2004 for defaulting on the mandatory listing fees which companies pay to the stock exchanges to list themselves.
The company used to be a major player in glucose and vitamin supply to other pharma companies.
Interestingly, though JVL did not complain about the matter, a shareholder of the company approached the Ministry with the complaint of mismanagement (of company's properties) following which it (ministry) transferred the complaint to SFIO in 2010 for investigation.
The SFIO after investigating the case over two years now, sent its recommendation to the Ministry.
Asaram was recently in the eye of a storm over his remarks on the Delhi gang-rape victim.
SFIO finds the most opportune time to come up with this fantastic exposure about Mr. Crook Asaram & Sons Pvt. LTD. The astute functioning and co-ordination between the Ministry of Corporate Affairs - SFIO - INDO?-ITALIAN MAFIA truly deserves an applaud. I wonder Shri. ROBBER Vadra might require an ULTRA SERIOUS FRAUD INVESTIGATION OFFICE to handle his ENTERPRISE in INDIA. It is also wonderful to observe the intimate dynamics between Bombay Stock Exchange and its defaulters and the so-called invisible shareholders (who pop-up from nowhere but at the correct time to claim their share from all the stake-holders who are engaged in a particular situation)....Jai Mata Di!!! It is because of people such as Mr.Khemka and like-minded individuals, our country is still running, but it is high time that every Indian who care for his/her homeland should safeguard its Sovereignty.
Most of the swamys are looting in the name of religion. Because of these people hinduism is in shambles.