63% Amma Donations Diverted Into Foreign Deposit Bank Accounts

OVER 62% OF AMMA'S WESTERNER DONATIONS SITTING IN FOREIGN BANKS. ONLY 9.2% GOING FOR HUMANITARIAN AID

The following report has been posted to the Ammachi Real Free Speech Zone group - http://groups.yahoo.com/group/Ammachi-Real-Free-Speech/message/150

And a spreadsheet attached to it in the Files section. This site is publicly accessible.

An extract from that report:

"As you can see, 62.6% of foreign contributions were not utilized. I think it is safe to assume that these contributions were added to the Math's bank accounts. This would be consistent with bank foreign interest income increasing 47.4% from 97550090 Rs in 2006-07 to 143814124 Rs in 2011-12, despite a drop in bank CD interest rates of more than 50% then.

The next largest category is hospitals/clinics, with 17.8% of contributions. These are profit generating. (The governments of India and Kerala pay for the small amount of care given to the poor.) Following this are schools/colleges and student housing with 10.5% of contributions. These are also profit- generating, rather than humanitarian enterprises.

Despite the heavy PR about Amma's relief efforts, natural calamity relief utilized only 3.6% of foreign contributions over these six years. This leaves 5.5% of foreign contributions for all of Amma's other "Embracing the World" projects.

I wonder how many devotees would be happy to learn that only 9.2% of their contributions went toward Amma's humanitarian work, 28.3% went toward investments in profit making enterprises, and 62.8% was diverted into foreign deposit bank accounts. "