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2h ago

Bail Denied, ₹8 Crore Frozen in Probe of Absconding Swami Chaitanyananda

The judge said investigators need custody at this early stage to trace a suspected fraud network.

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Chaitanyananda Saraswati, and Sri Sharada Institute of Indian Management-Research | By special arrangement/SRISIIM Bharati
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Delhi Baba Case

Overview

  • Delhi Police froze nearly ₹8 crore spread across 18 bank accounts and 28 fixed deposits linked to a trust allegedly floated by Chaitanyananda.
  • Patiala House Court rejected his anticipatory bail in the financial irregularities case, holding that custodial interrogation is necessary.
  • Investigators allege forged documents, two passports under different names, and bank accounts operated with multiple identities to divert institute assets.
  • Police say about ₹50–55 lakh was withdrawn after the FIR, and seized cars carried fabricated UN-style plates that transport records confirm do not exist.
  • The former institute chairman remains untraceable under a lookout notice after at least 17 students reported harassment, coercion and threats tied to marks and certificates.