IT dept seizes Rs 5 cr from Believers church; claims Rs 6000 cr received as foreign aid

By Biju Pankaj/Mathrubhumi News

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Kochi: The Income Tax department has uncovered a huge financial scam under the Believers Church. In the raid carried out at the offices in Delhi and Kerala, the department seized Rs 5 cr on Thursday. According to the primary assumption of the IT department, Believers Church has received Rs 6000 cr aid from foreign countries within 5 years.

Believers Church is involved in India’s biggest financial scam related to foreign funding, reported IT department.

The raid which commenced on Thursday morning at the offices and institutions of the church is continuing under Income Tax officials on Friday also.

Trusts formed under Believers Church have received Rs 6000 cr from abroad within the last 5 years. As per the law, the foreign fund received for charity must be used only for that purpose and the details must be informed to the government. But the Believers Church has invested the foreign fund in real estate sector. Irregularities were also found in the accounts produced, reported the IT department.

Hence, the FCRA license granted to Believers Church to receive foreign funds is likely to get cancelled. The IT officials seized Rs 3.45 cr from Believers Church office in Delhi and Rs 1.15 cr from offices in Kerala.

Around Rs 57 lakh was found from a vehicle and rest of the seized fund was recovered from various offices.

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